Larry Ellison will personally guarantee $40 billion
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Warner Bros. rejected an initial Paramount bid and is pursuing a deal with Netflix for its movie, television and streaming assets.
Oracle founder, 81, has agreed to personally guarantee up to $40.4 billion to backstop Paramount Skydance’s all-cash bid for Warner Bros. Discovery.
Larry Ellison began 2025 as one of the richest people in the world. He briefly held first place during the year and saw his wealth soar even higher.
Larry Ellison has agreed to provide an irrevocable personal guarantee of $40.4 billion of the equity financing for the offer and any damages claims against Paramount,” a Paramount press release published Monday states.
The billionaire agreed not to revoke the family trust and to keep its assets in place while the transaction is pending. Read more at straitstimes.com. Read more at straitstimes.com.
Warner Bros. Discovery previously said the hostile takeover bid by Paramount Skydance, run by David Ellison, had insufficient funding.
Paramount Skydance amended its hostile bid to take over Warner Bros. Discovery, guaranteeing the backing of Larry Ellison.
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