0724 ET - Despite Paramount's amended hostile acquisition bid that included a personal guarantee from Larry Ellison, Warner Bros. Discovery is still telling shareholders its existing deal with Netflix is superior. Ellison guaranteed $40.4 billion of equity financing and Paramount increased the break-up fee it would owe Warner if regulators block its deal. "Paramount's offer continues to provide insufficient value, including terms such as an extraordinary amount of debt financing that create risks to close and lack of protections for our shareholders if a transaction is not completed," says Samuel Di Piazza, Warner Bros. Discovery's board chair. (nicholas.miller@wsj.com)

(END) Dow Jones Newswires

January 07, 2026 07:25 ET (12:25 GMT)

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