Warner Bros. Discovery (WBD) Series A Stock Today: Paramount’s $30 Bid Gets Larry Ellison Backstop as Netflix Deal Enters Crunch Time
Warner Bros. Discovery stock traded near $28.98 Tuesday as Paramount Skydance amended its $30-per-share all-cash tender offer, adding a $40.4 billion personal guarantee from Oracle’s Larry Ellison. WBD’s board acknowledged receipt but maintained support for Netflix’s rival cash-and-stock deal. Harris Associates, a top WBD shareholder, called the new Paramount terms “not sufficient.”