Larry Ellison, Oracle and Paramount
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WBD Advises Shareholders Not To Take Any Action As It Reviews Paramount’s Amended Takeover Offer
Warner Bros. Discovery confirmed receipt of Paramount’s amended, unsolicited tender offer, which it "will carefully review and consider.”
Paramount's bid for Warner Bros. Discovery received a boost with Larry Ellison's $40.4 billion guarantee, but a major shareholder believes a higher premium is needed. While some investors see Ellison's backing as stabilizing,