Tag: David Ellison

Those comments from David Ellison came after he called CNN "an incredible brand with an incredible team."

"We knew right away, when we got the notice on Thursday that they had a superior offer and the details of that deal. We knew exactly what we were going to do."

"What we're certain is, is that the Netflix deal to acquire these assets is the best deal, creates, and generates the best value for their shareholders. And they think so, too."

"By coming together with Netflix, we will combine the stories Warner Bros. has told that have captured the world’s attention for more than a century and ensure audiences continue to enjoy them for generations to come."

“WBD has failed to include any disclosure about how it valued the Global Networks stub equity, how it valued the overall Netflix transaction, how the purchase price reduction for debt works in the Netflix transaction, or even what the basis is for its ‘risk adjustment’ of our $30 per share all-cash offer.”

The rejection was expected, as Paramount presented the same all-cash terms as its initial offer of $30 per share in mid-December.

"Paramount Skydance went public earlier this month with a $30-per-share all-cash offer for Warner Bros. Discovery."

"Larry Ellison has agreed to provide an irrevocable personal guarantee of $40.4 billion of the equity financing for the offer and any damages claims against Paramount"

"Following a careful evaluation of Paramount’s recently launched tender offer, the Board concluded that the offer’s value is inadequate, with significant risks and costs imposed on our shareholders"

"Our deal provides a significant amount of synergies in sports rights that will be able to protect those linear properties"