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16 Paramount has an updated Warner Bros. Discovery bid

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Sarah Fielding @ Engadget 1 place · today 09:43 EDT

Paramount has an updated Warner Bros. Discovery bid

Paramount Skydance isn't giving up on obtaining Warner Bros. Discovery just yet. The company has amended its $108 billion offer to include Larry Ellison's "irrevocable personal guarantee" equaling $40.4 billion. Ellison is the founder or Oracle and a backer of Skydance, created by his son David Ellison, Paramount Skydance's CEO. 
On December 17, WBD formally recommended shareholders reject Paramount's offer. WBD had already accepted an $82.7 billion offer from Netflix, set to close some time next year follo

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