Amazing stuff! What a major corporate battle!
"[Larry Ellison] also consented to publish records related to the family trust that backstops it. Paramount previously made a hostile all-cash tender offer of $77.9 billion, or $30 a share, for all of Warner. The revised bid is at the same price per share.
Warner earlier recommended shareholders reject Paramount’s bid, raising concerns about backing from Ellison and his son, Paramount CEO David Ellison, and calling a proposal from Netflix for its studios and HBO Max streaming service “superior.” Shares of Paramount and Warner gained 4.29% and 3.53%, respectively."
Warner earlier recommended shareholders reject Paramount’s bid, raising concerns about backing from Ellison and his son, Paramount CEO David Ellison, and calling a proposal from Netflix for its studios and HBO Max streaming service “superior.” Shares of Paramount and Warner gained 4.29% and 3.53%, respectively."
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