Paramount Sky Dance announced on December 22 that it was revising its $30 per share all-cash purchase offer for Warner Bros. Exploration to address the latter's concerns about the offer. The revisions include: Oracle founder and chairman Larry Ellison has agreed to provide an irrevocable personal guarantee of $40.4 billion for equity financing and any damages to Paramount in this offer; the revised proposed merger agreement “provides further flexibility” for Warner Bros. to explore debt refinancing transactions, etc.; and an increase in regulatory reverse termination fees from $5 billion to $5.8 billion. Paramount said it continues to seek to acquire all of Warner Bros.'s issued shares for $30 in cash per share and will assume all of the latter's assets and liabilities.

Paramount Sky Dance announced on December 22 that it was revising its $30 per share all-cash purchase offer for Warner Bros. Exploration to address the latter's concerns about the offer. The revisions include: Oracle founder and chairman Larry Ellison has agreed to provide an irrevocable personal guarantee of $40.4 billion for equity financing and any damages to Paramount in this offer; the revised proposed merger agreement “provides further flexibility” for Warner Bros. to explore debt refinancing transactions, etc.; and an increase in regulatory reverse termination fees from $5 billion to $5.8 billion. Paramount said it continues to seek to acquire all of Warner Bros.'s issued shares for $30 in cash per share and will assume all of the latter's assets and liabilities.