Paramount Amends Its Superior $30 Per Share All-Cash Offer For Warner Bros. Discovery

Dec 22 (Reuters) - Netflix Inc NFLX.O:

• PARAMOUNT AMENDS ITS SUPERIOR $30 PER SHARE ALL-CASH OFFER FOR WARNER BROS. DISCOVERY

• PARAMOUNT: LARRY ELLISON AGREED TO PROVIDE AN IRREVOCABLE PERSONAL GUARANTEE OF $40.4 BILLION OF EQUITY FINANCING FOR OFFER

• PARAMOUNT SKYDANCE: PARAMOUNT IS PUBLISHING RECORDS CONFIRMING THAT ELLISON FAMILY TRUST OWNS APPROXIMATELY 1.16 BILLION SHARES OF ORACLE COMMON STOCK

• PARAMOUNT SKYDANCE CORP: WILL INCREASE ITS REGULATORY REVERSE TERMINATION FEE FROM $5 BILLION TO $5.8 BILLION

• PARAMOUNT- LARRY ELLISON HAS AGREED NOT TO REVOKE ELLISON FAMILY TRUST OR ADVERSELY TRANSFER ITS ASSETS DURING PENDENCY OF TRANSACTION

• PARAMOUNT SKYDANCE CORP: OFFER IS CONDITIONED, AMONG OTHER THINGS, ON WBD CONTINUING TO OWN 100% OF ITS GLOBAL NETWORKS BUSINESS

• PARAMOUNT: OFFER IS CONDITIONED, AMONG OTHER THINGS, ON WBD CONTINUING TO OWN 100% OF ITS GLOBAL NETWORKS BUSINESS

• PARAMOUNT SKYDANCE CORP: PRINCE SUB EXTENDING EXPIRATION DATE OF TENDER OFFER TO 5:00 P.M ON JANUARY 21