Larry Ellison will personally guarantee $40 billion
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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.
1don MSN
Larry Ellison Agrees to Personally Guarantee Paramount Bid for Warner Bros. in Revised Offer
The company also agreed to raise its termination fee $5.8 billion to match Netflix, and extended the end date for the offer to Jan. 21.
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.
Oracle founder Larry Ellison agreed to backstop $40.4 billion in capital for Paramount Skydance's attempted acquisition of Warner Bros. Discovery.
Larry Ellison has built the world’s third-largest fortune by holding tight to his Oracle Corp. stock, rarely selling his shares and instead relying on loans to fund billions in investments and lifestyle expenses.
4don MSN
Larry Ellison Retakes No.3 Richest Spot From Jeff Bezos As Oracle Shares Rise On TikTok Deal
The deal is expected to close next month, with Oracle, Silver Lake and MGX owning 45% of TikTok’s U.S. business.
Larry Ellison commits $40.4 billion for Paramount's acquisition bid for Warner Bros. Discovery amid existing Netflix deal. #Paramount #WarnerBros #LarryEllison
Three months after Larry Ellison briefly became the world’s richest person, a historic slide in Oracle Corp. shares sent his net worth plunging by $24.9 billion.