Paramount amended its offer for Warner Bros. Discovery with billionaire Larry Ellison agreeing to personally guarantee $40.4 billion of equity financing for the deal and 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, including cable channels such as CNN, TNT and Food Network. The revised offer is at the same price per share.
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