Paramount sweetens $30/sh WBD bid with Ellison personal guarantee, extends tender to Jan 21

Paramount Skydance Corp

Larry Ellison provides irrevocable personal guarantee of $40.4B equity financing and damages claims.
Ellison family trust holds ~1.16B Oracle shares; revocation and asset transfer blocked during pendency.
Regulatory reverse termination fee raised to $5.8B to match Netflix's deal; offer conditioned on 100% Global Networks.
Tender offer extended to 5:00pm ET Jan 21, 2026; 397,252 shares tendered as of Dec 19.
Revised merger agreement offers WBD more flexibility on debt refinancing and interim operating covenants.

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