Warner Bros. Discovery Demands Larry Ellison’s Personal Guarantee on Paramount Bid

Warner Bros. Discovery

WBD

decrease; red down pointing triangle sent a message to Larry Ellison: If you want to buy our company, sign on the dotted line yourself.

Warner urged its shareholders Wednesday morning to reject Paramount Skydance’s PSKY -0.31%decrease; red down pointing triangle hostile takeover bid, saying the Ellison family-led bid was inadequate on multiple levels compared with that of rival Netflix NFLX -0.83%decrease; red down pointing triangle.