Larry Ellison will personally guarantee $40 billion
Digest more
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.
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.
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 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.
Larry Ellison commits $40.4 billion for Paramount's acquisition bid for Warner Bros. Discovery amid existing Netflix deal. #Paramount #WarnerBros #LarryEllison
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.
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.
Paramount Skydance on Monday doubled down on its hostile bid for Warner Bros. Discovery, amending its $30-per-share all-cash offer to include a massive personal guarantee from Oracle billionaire
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.