What's at stake for Paramount, the Ellisons in Warner Bros. takeover bid
Netflix and Paramount are competing for the Warner Bros. takeover bid. If Paramount can’t close, the deal stays in limbo through the process and the trial, unless Paramount backs out. Larry Ellison’s fortune is tied to Oracle stock, which fell 3% and where he personally backs $40 billion of the $111 billion deal, limiting his ability to raise or borrow money. Netflix—and others—could potentially swoop in.