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Paramount Updates Warner Bros. Offer, Affirms Ellison Family Backing

Paramount is also increasing its regulatory termination fee to $5.8 billion from the initial $5 billion.
Paramount Updates Warner Bros. Offer, Affirms Ellison Family Backing
Paramount Global and Skydance logos, in this illustration taken on ec. 17, 2024. Reuters/Dado Ruvic/Illustration/File Photo
Andrew Moran
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Paramount Skydance amended its offer to buy Warner Bros. Discovery on Dec. 22, guaranteeing backing from Oracle billionaire Larry Ellison.

Following questions raised by the Warner Bros. Discovery (WBD) board of directors, the studio said in a statement that Larry Ellison, the father of Paramount CEO David Ellison, would support the acquisition.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."