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Oracle co-founder Larry Ellison will provide a personal guarantee of $40.4 billion in equity financing to back Paramount Skydance's all-cash $108.4 billion bid for Warner Bros. Discovery. The guarantee aims to address Warner Bros. board's doubts over Paramount's deal financing and the lack of a full backing from the Ellison family, which had led the company to prefer a cash-and-stock deal with Netflix. Netflix refinanced part of a $59 billion bridge loan with cheaper and longer-term debt, bolstering the financial package underpinning its bid for Warner Bros. Discovery Inc. The streaming giant got a $5 billion revolving credit facility and two $10 billion delayed-draw term loans to refinanc
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Rivian CEO: Self-driving cars are going to be "the most important technical shift in transportation"
Rivian CEO: Self-driving cars are going to be "the most important technical shift in transportation" ♬ original sound - Yahoo Finance
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