Changes in US stocks | Paramount (PSKY.US.US) Takeover Offer Adds Oracle Chairman's Personal Financial Guarantee Warner Bros. Exploration (WBD.US) Up 4% in Premarket

The Zhitong Finance App learned that before Monday, Warner Bros. Exploration (WBD.US) rose 4% to $28.88. According to the news, Paramount Skydance (PSKY.US) has revised its takeover offer to add personal financial guarantees for Oracle (ORCL.US) Chairman Larry Ellison while keeping the cash price of $30 per share unchanged, in an attempt to beat the competitive offer from NFLX.US (NFLX.US).

According to a statement released on Monday, Ellison has agreed to provide a $40.4 billion equity financing personal guarantee for his son David Ellison as CEO to support Paramount's $108.4 billion acquisition plan to buy Warner Bros. Ellison also promised not to withdraw the Ellison Family Trust. Paramount confirmed that the Ellison Family Trust holds approximately 1.16 billion shares of Oracle's common stock, and that all of the trust's significant liabilities have been publicly disclosed. Additionally, Paramount raised the regulatory reverse termination fee from $5 billion to $5.8 billion.