Paramount has upped the ante in its hostile takeover bid for Warner Bros. Discovery, announcing Monday that Larry Ellison will personally guarantee the tens of billions of dollars he is putting up to bankroll the transaction. The Ellisons will also let shareholders peer into the finances of their family trust.

So, it will be Larry Ellison, not the Saudis, who will be putting up the additional $40 billion to win the hostile takeover of WBDiscovery over Netflix.

And he’s going to allow investors some greater visibility into the Ellison family trust.

As someone who respected the way Americans once took antitrust mechanisms and actions deeply seriously, this doesn’t give much comfort.

    • James R Kirk@startrek.websiteEnglish
      0·
      9 days ago

      He’s one of those 80 year old moguls that wants to live forever and look like a 20 year old but is too rich for anyone to tell him he is in the uncanny valley.

      Say what you will about Richard Branson but at least the man isn’t ashamed to look in the mirror.