Paramount makes new bid to buy Warner Bros.
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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.
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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.
Paramount and its controlling shareholders, the billionaire Ellison family, said the company was building out its bid for Warner Bros.
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.
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.
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 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.
Mr. Ellison’s personal guarantee is meant to address concerns that the Warner Bros. Discovery’s board had expressed about Paramount’s original offer.
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.
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Paramount Responds To WBD Concerns About Hostile Bid, Offering New Larry Ellison Financing Guarantee
Paramount has amended its hostile bid for Warner Bros. Discovery, adding an "irrevocable personal guarantee" from Larry Ellison.
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