Ellison Backs Paramount's Warner Bros Bid, Shares Surge
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Oracles Larry Ellison backs Paramounts $108B bid for Warner Bros., boosting Paramount Skydance shares by over 5% and Warner Bros. shares by over 4%. Ellisons family trust guarantees $40.4B in equity financing, addressing Warner Bros. concerns about Paramounts cash reserves. Netflix shares dip as the bidding war intensifies, with antitrust worries looming over a potential Netflix-Warner tie-up.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.
