"Larry Ellison, co-founder and CTO of Oracle, has assured he will provide USD$40bn (£29.6bn) of personal backing to support Paramount's USD$108bn (£80bn) hostile bid for Warner Bros Discovery (WBD). Ellison's offer comes as a response to resolve doubts about the offer's financing. The move is aimed at bringing WBD back to the negotiating table. According to the FT, someone close to Paramount commented that it would be open to upping its offer price if WBD showed goodwill."
"Instacart has terminated price testing on its platform: effective immediately, the company announced on Monday that retailers would no longer be able to use AI algorithms to price test items on consumers. The decision follows considerable consumer uproar surrounding the testing. Earlier this month, a report covering an investigation conducted by Consumer Reports and Groundwork Collaborative was published, which found that Instacart was displaying differing prices to different users for the same items at the same time."
Larry Ellison, Oracle co-founder and CTO, committed USD$40bn of personal financing to support Paramount's USD$108bn hostile bid for Warner Bros Discovery (WBD). The financing aims to resolve doubts and pressure WBD back to the negotiating table; Paramount indicated willingness to increase its offer if WBD shows goodwill. Netflix previously offered almost USD$83bn for WBD's studio and streaming assets; Paramount's bid covers WBD's entire business, including cable channels. The tender offer deadline was extended to 21 January 2026. Instacart terminated AI-driven price testing immediately after consumer uproar and a report found differing prices shown to different users.
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