Paramount has upped the ante in its hostile takeover bid for Warner Bros. Discovery, announcing Monday that Larry Ellison will personally guarantee the tens of billions of dollars he is putting up to bankroll the transaction. The Ellisons will also let shareholders peer into the finances of their family trust.

So, it will be Larry Ellison, not the Saudis, who will be putting up the additional $40 billion to win the hostile takeover of WBDiscovery over Netflix.

And he’s going to allow investors some greater visibility into the Ellison family trust.

As someone who respected the way Americans once took antitrust mechanisms and actions deeply seriously, this doesn’t give much comfort.

  • ValueSubtracted@startrek.websiteMEnglish
    3·
    3 days ago

    David Ellison seems to genuinely love movies - I had high-ish hopes back when he was initially looking to buy Paramount for that reason.

    Unfortunately, he also seems to be willing to trample over anyone and their grandmother in order to make those movies.