After CBS News' decision to delay a "60 Minutes" segment about migrants deported to an El Salvador prison, some critics have alleged the move was to curry favor with the Trump administration.
Paramount Skydance's latest offer to buy Warner Bros Discovery still is not good enough for prominent shareholder Harris Oakmark, the investor told Reuters on Friday.
Warner Bros. Discovery has confirmed receipt of Paramount's amended, unsolicited tender offer and “consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, will carefully review and consider” it. Paramount Skydance has offered to acquire all of WBD's outstanding shares for $30 each in cash.
In addition to adding Ellison's guarantee of his personal fortune — currently valued at above $250 billion — Paramount also extended the deadline for WBD investors to tender their shares to their side and away from Netflix to Jan. 21.
The war for the future of Warner Brothers continues, as Paramount Skydance announced Monday an amended all-cash offer for the legacy movie studio. The offer includes an “irrevocable personal guarantee” from a major backer, Oracle billionaire Larry Ellison, to provide tens of billions in equity financing for the deal.
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