{"id":653436,"date":"2025-12-25T04:12:24","date_gmt":"2025-12-25T04:12:24","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/653436\/"},"modified":"2025-12-25T04:12:24","modified_gmt":"2025-12-25T04:12:24","slug":"paramounts-amended-offer-not-sufficient-major-wbd-shareholder-says","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/653436\/","title":{"rendered":"Paramount\u2019s Amended Offer &#8220;Not Sufficient,&#8221; Major WBD Shareholder Says"},"content":{"rendered":"<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\t<a href=\"https:\/\/deadline.com\/tag\/paramount\/\" id=\"auto-tag_paramount\" data-tag=\"paramount\" target=\"_blank\" rel=\"noopener\">Paramount<\/a> Skydance on Monday amended its takeover offer for <a href=\"https:\/\/deadline.com\/tag\/warner-bros-discovery\/\" id=\"auto-tag_warner-bros-discovery\" data-tag=\"warner-bros-discovery\" target=\"_blank\" rel=\"noopener\">Warner Bros. Discovery<\/a> but at least one major WBD shareholder was not impressed. <\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\t\u201cThe changes in Paramount\u2019s new offer were necessary, but not sufficient,\u201d <a href=\"https:\/\/deadline.com\/tag\/harris-oakmark\/\" id=\"auto-tag_harris-oakmark\" data-tag=\"harris-oakmark\" target=\"_blank\" rel=\"noopener\">Harris Oakmark<\/a>, portfolio manager and Director of U.S. Research Alex Fitch, <a href=\"https:\/\/www.reuters.com\/legal\/transactional\/paramounts-new-offer-warner-bros-is-not-sufficient-major-investor-says-2025-12-23\/\" rel=\"nofollow noopener\" target=\"_blank\">told Reuters<\/a> after the new Paramount proposal was revealed. <\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\tOakmark, identified by Reuters as Warner Bros\u2019 fifth largest shareholder, owning 96 million shares or about 4% of shares as of the end of September, indicated that the David Ellison-led and Larry Ellison-backed Paramount will need to step up further to have a chance of snatching WBD away from bidding war winner Netflix. <\/p>\n<p>\t\t\t\t\tRelated Stories\t\t<\/p>\n<p>\t\t\t<a tabindex=\"0\" href=\"https:\/\/deadline.com\/2025\/12\/60-minutes-deportation-segment-online-1236655594\/\" class=\"\" target=\"_blank\" rel=\"noopener\"><\/p>\n<p>\t\t\t\t\t\t<img class=\"c-lazy-image__img lrv-u-background-color-grey-lightest lrv-u-width-100p lrv-u-display-block lrv-u-height-auto\" src=\"https:\/\/deadline.com\/wp-content\/themes\/pmc-deadline-2019\/assets\/public\/lazyload-fallback.jpg\" data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/12\/Bari-Weiss-60-Minutes.jpg\" alt=\"Bari Weiss\" data-lazy- data-lazy- height=\"\" width=\"\" decoding=\"async\"\/><\/p>\n<p>\t\t<\/a><\/p>\n<p>\t\t\t<a tabindex=\"0\" href=\"https:\/\/deadline.com\/2025\/12\/hollywood-unions-contracts-health-plans-1236655471\/\" class=\"\" target=\"_blank\" rel=\"noopener\"><\/p>\n<p>\t\t\t\t\t\t<img class=\"c-lazy-image__img lrv-u-background-color-grey-lightest lrv-u-width-100p lrv-u-display-block lrv-u-height-auto\" src=\"https:\/\/deadline.com\/wp-content\/themes\/pmc-deadline-2019\/assets\/public\/lazyload-fallback.jpg\" data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/12\/AMPTP-3.jpg\" alt=\"\" data-lazy- data-lazy- height=\"\" width=\"\" decoding=\"async\"\/><\/p>\n<p>\t\t<\/a><\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\t\u201cWe see the two deals as a toss-up, and there is a cost to changing paths,\u201d he said. \u201cIf Paramount is serious about winning, they\u2019re going to need to provide a greater incentive.\u201d <\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\tWarner Bros. Discovery on Monday advised its shareholders \u201cnot to take any action at this time with respect to the amended Paramount Skydance tender offer,\u201d which now includes\u00a0<a href=\"https:\/\/deadline.com\/2025\/12\/paramount-wbd-larry-ellison-financing-guarantee-1236654962\/\" target=\"_blank\" rel=\"noopener\">a $40.4 billion personal equity financing guarantee by Larry Ellison<\/a>\u00a0(the Oracle co-founder and father of Paramount CEO\u00a0<a href=\"https:\/\/deadline.com\/tag\/david-ellison\/\" target=\"_blank\" rel=\"noopener\">David Ellison<\/a>); an enhanced $5.8 billion breakup fee; and increased financial flexibility during an interim period.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\tThe core financial terms of Paramount\u2019s new proposal have remained the same as in the recently rebuffed by WBD <a href=\"https:\/\/deadline.com\/2025\/12\/paramount-launches-hostile-takeover-bid-warner-bros-discovery-1236641640\/\" target=\"_blank\" rel=\"noopener\">hostile tender offer<\/a>\u00a0made December 8: acquiring all of\u00a0<a href=\"https:\/\/deadline.com\/tag\/wbd\/\" target=\"_blank\" rel=\"noopener\">WBD<\/a>\u2019s outstanding shares for $30 each in cash. <\/p>\n","protected":false},"excerpt":{"rendered":"Paramount Skydance on Monday amended its takeover offer for Warner Bros. Discovery but at least one major WBD&hellip;\n","protected":false},"author":2,"featured_media":653437,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3937],"tags":[77,199877,2590,382,16,15,47689,102088],"class_list":{"0":"post-653436","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tv","8":"tag-entertainment","9":"tag-harris-oakmark","10":"tag-paramount","11":"tag-tv","12":"tag-uk","13":"tag-united-kingdom","14":"tag-warner-bros-discovery","15":"tag-wbd"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115778261361490647","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/653436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=653436"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/653436\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/653437"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=653436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=653436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=653436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}