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Sources: WBD chose Netflix partly fearing limited recourse if Paramount's bid failed, since Larry Ellison has not provided a personal guarantee (Lauren Hirsch/New York Times)

Mediagazer · last updated

Lauren Hirsch / New York Times:
Sources: WBD chose Netflix partly fearing limited recourse if Paramount’s bid failed, since Larry Ellison has not provided a personal guarantee  —  Larry Ellison is backstopping Paramount’s bid for Warner Brothers, but Warner Brothers is concerned that the billionaire has not provided a personal guarantee to pay.

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