Paramount confirmed on Monday its support for a revised takeover offer from billionaire Larry Ellison. The company's board stated that it reviewed the new proposal and considers it beneficial for shareholders. Paramount had previously received several acquisition offers, but Ellison's bid was deemed the most attractive. "We believe this offer will unlock new opportunities for our business," a company representative said. The details of the deal have not yet been disclosed, but it is expected to be finalized in the coming months.
