Paramount Skydance, a media and entertainment company, has amended its all-cash takeover offer for Warner Bros. Discovery (WBD), addressing concerns raised by WBD's board by securing a personal financial guarantee from billionaire Larry Ellison.
As a result of the transaction, Star India Private Limited, through its subsidiaries, shall become a joint venture (JV) which will be jointly held by Reliance Industries, Viacom18 and existing TWDC subsidiaries.