Paramount Productions has reiterated its proposal to buy Warner Bros. Discovery for $30 per share and insisted that despite repeated rejections by the Warner Brothers board of directors, its malicious takeover plan was superior to Netflix's offer. Paramount said in a statement on Thursday that its takeover offer “represents the best path forward for Warner Bros. shareholders.” The company says it has “resolved all issues raised by Warner Brothers,” the most notable of which is that billionaire Larry Ellison has provided an irrevocable personal guarantee for the equity financing portion of the deal. On Wednesday, Warner Bros. once again rejected Paramount's revised takeover proposal, questioning its deal financing plan and the huge amount of debt that came with it.

Paramount Productions has reiterated its proposal to buy Warner Bros. Discovery for $30 per share and insisted that despite repeated rejections by the Warner Brothers board of directors, its malicious takeover plan was superior to Netflix's offer. Paramount said in a statement on Thursday that its takeover offer “represents the best path forward for Warner Bros. shareholders.” The company says it has “resolved all issues raised by Warner Brothers,” the most notable of which is that billionaire Larry Ellison has provided an irrevocable personal guarantee for the equity financing portion of the deal. On Wednesday, Warner Bros. once again rejected Paramount's revised takeover proposal, questioning its deal financing plan and the huge amount of debt that came with it.