The #WarnerBrosDiscovery board of directors has rejected Paramount’s bid multiple times, opting instead to go with an offer from #Netflix, which #WBD says is more valuable. The board also said #Paramount has misrepresented itself to WBD shareholders, calling into question the legitimacy of the deal’s “illusory” proposed financing.

#billionaires #media #StateMedia #FreePress #censorship #antitrust #law

To counteract that critique, #Paramount said #Oracle founder #LarryEllison – the father of Paramount CEO #DavidEllison – will guarantee all $40.4 billion of the equity he’s putting up to finance the $78 billion deal. That’s a big guarantee, putting Larry Ellison on the hook for about a sixth of his roughly $250 billion net worth if something falls through.

#billionaires #media #StateMedia #FreePress #censorship #antitrust #WarnerBrosDiscovery #WBD #Netflix #law

The #WarnerBrosDiscovery board of directors has rejected Paramount’s bid multiple times, opting instead to go with an offer from #Netflix, which #WBD says is more valuable. The board also said #Paramount has misrepresented itself to WBD shareholders, calling into question the legitimacy of the deal’s “illusory” proposed financing.

#billionaires #media #StateMedia #FreePress #censorship #antitrust #law

Ellison is currently making a hostile bid to outmaneuver a rival company, #Netflix, & acquire the media behemoth #WarnerBrosDiscovery. He has been courting Trump’s support for his bid, but #Trump has used recent episodes of “ #60Minutes” to suggest he is displeased with Ellison’s stewardship of #CBS.

#StateMedia #law #extortion #FreePress #censorship #immigration #rendition #CECOT #HumanRights #torture