Paramount Sweetens WBD Bid with Larry Ellison's Personal Guarantee

• Paramount amended its all-cash offer for Warner Bros. Discovery (WBD) at $30 per share, escalating its takeover push after WBD rejected the initial bid.
• The revised proposal includes an irrevocable personal guarantee from Larry Ellison covering $40.4 billion in equity financing and potential damages, addressing WBD's key concerns.
• Paramount increased the regulatory reverse termination fee to $5.8 billion, matching protections in WBD's pending Netflix transaction.
• Paramount criticized WBD's disclosures on the Netflix deal, questioning financial analyses and the valuation of Global Networks.
• David Ellison, Chairman and CEO of Paramount, stated their offer remains the superior option for WBD shareholders, extending the tender offer deadline to January 21, 2026.

Why It Matters: Paramount boosts WBD bid with Larry Ellison's personal guarantee, challenging Netflix deal.