Ellison Family's $108B Warner Bid: Media Showdown
Update: 2025-12-22
Description
Paramount and the Ellison family make a $108 billion bid for Warner Bros. Discovery, offering $30 per share in cash. Larry Ellison personally guarantees $4.4 billion in equity financing and promises not to tamper with his family trust. Warner Bros. Discoverys board rejects the bid, reaffirming their commitment to Netflix. The media showdown unfolds amidst political drama, with Trump demanding CNNs sale and criticizing sixty Minutes coverage. This merger battle becomes a high-stakes clash over media control.
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