Larry Ellison Pledges $40-Billion Personal Guarantee For Paramount's Warner Bros Bid (yahoo.com)
- Reference: 0180440891
- News link: https://news.slashdot.org/story/25/12/22/2138243/larry-ellison-pledges-40-billion-personal-guarantee-for-paramounts-warner-bros-bid
- Source link: https://finance.yahoo.com/news/larry-ellison-gives-40-4-130706993.html
> Paramount said the amended terms do not change the $30-per-share all-cash offer even as the fight for Hollywood's sought-after assets heats up, with control of Warner Bros' vast library offering a decisive edge in the streaming wars. "I doubt many Warner Bros shareholders that are on the fence or planning to vote no "were holding out due to issues the "revised bid addresses such as a guarantee from Larry Ellison on the funding front," said Seth Shafer, principal analyst at S&P Global.
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> As part of the revised terms, Ellison also agreed not to revoke the family trust or transfer its assets during the pendency of the transaction, the filing showed. Paramount said it has raised its regulatory reverse termination fee to $5.8 billion from $5 billion to match the competing transaction and extended the expiration date of its tender offer to January 21, 2026.
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> The "bid follows Warner Bros asking its shareholders to reject the $108.4 billion offer from Paramount for the whole company, including cable TV assets, on doubts over its financing and the lack of a full guarantee from the Ellison family. But Warner Bros investors, including the fifth largest shareholder Harris Associates, have said they would be open to revised offers from Paramount if it presents a superior bid and addresses issues with deal terms. Under the Netflix agreement, Warner Bros would owe Netflix $2.8 billion as breakup fee if it walks away from that deal.
[1] https://finance.yahoo.com/news/larry-ellison-gives-40-4-130706993.html
[2] https://entertainment.slashdot.org/story/25/12/05/1728256/netflix-to-buy-warner-bros-in-72-billion-cash-stock-deal
pushme-pullyou-fuckyall (Score:4, Insightful)
The thing about oligarchs is that they can essentially throw infinite money at any prospective hostile takeover, because the corrupt government they're in bed with can simply give that oligarch whatever he needs to extract that amount of money from the corrupted economic system.
This is about CNN (Score:4, Insightful)
Paramount wants not just the movie parts of Warner. They want the whole thing, including per TFS, the "cable TV assets." That includes CNN.
Paramount wants to acquire CNN and then change its reporting angle on the current administration.
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> Paramount wants to acquire CNN and then change its reporting angle on the current administration.
By the time any merger is completed, though, Trump's term will be almost over -- this one anyway. :-)
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Ellision and crowd probably do not care about Trump,.. but they DO want to be able to shape the next generation of consumers to fit in to their world and culture war.
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Anyone playing the long game doesn't give a fuck who the sitting president is, because your hundreds of billions of net worth matter to anyone who can potentially get the job.
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Project 2025 was never about Trump personally. It's a total societal transformation, a cultural revolution if you will. He is the useful idiot to the one who will come after.
Re: This is about CNN (Score:2)
The Ellison's want to run CNN the way the Murdoch's run Fox.
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That can be negotiated. It's not unheard of to demand certain business units to be spun off as conditions for a merger.
Much as I dislike Ellison, keeping studio stuff in studios is probably a better idea than merging a distribution network (think theaters) with producers. Too many people ended up with horses heads in their beds before the old system was disassembled.
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Distribution and creation were already merged with NBC Universal Comcast.
This is just playing catch-up.
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> This is just playing catch-up.
I'm sure the Gambino family made much the same argument when the Genovese family got out ahead of them.
Why a newspaper if you can buy a movie studio? (Score:2)
Ellison winning the pissing contest from Bezos
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Ghoul fight!
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Amazon bought MGM already.
What a good dad. (Score:2)
How nice that daddy wants to buy a shiny toy to give to David for the holidays.
If Trump Want's it--Be Afraid (Score:4, Insightful)
It's likely abut silencing CNN. If that happens, we are just a step closer to a civil war.
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He already exerts control over CBS the stooge in charge, Bari Weiss [1]https://www.nbcnews.com/news/u... [nbcnews.com]
[1] https://www.nbcnews.com/news/us-news/cbs-60-minutes-story-trump-deportees-el-salvador-bari-weiss-rcna250441
History of the World, Part I (1986) (Score:2)
It's good to be the king.
The movie Barbarians At The Gate (1993) (Score:2)
"Based on a true story, this humor-tinged docudrama follows F. Ross Johnson (James Garner), the CEO and president of the massive food and tobacco corporation RJR Nabisco, as he attempts to buy the company."
A perfect example how things escalate in the corporate world.
Desperate (Score:4, Insightful)
-and yet you still don't have the actual cash you fascisti, and shareholders don't want your overvalued Oracle stock. Capitalism vs fascism, what a fascinating fight.
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I don't think anyone involved here is on the side of capitalism. This is a billionaire money fight and billionaires have pretty much had it with capitalism and consumers. That's why they want control of the media. They want control of the information you consume.