Larry Ellison will personally guarantee $40 billion
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Paramount just confirmed Oracle founder (and father of Paramount CEO David Ellison) Larry Ellison intends to personally backstop the $40.4 billion of the equity financing for its bid to acquire Warner Bros. Discovery (WBD). The company released a statement detailing several updates it made to the offer.
Paramount and its controlling shareholders, the billionaire Ellison family, said the company was building out its bid for Warner Bros.
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.
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 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.
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.
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.
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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.
The bidding war for WBD heats up as Paramount revises its offer with a $40.4 billion guarantee from Larry Ellison. Netflix's offer remains the same.
Larry Ellison now provides a “personal guarantee” of $40 billion of the financing for Paramount’s $108 billion offer to buy Warner Bros. Discovery.
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