Billionaire Larry Ellison Backs Son’s Bid for Warner Bros with $40.4 Billion Guarantee

Oracle co-founder Larry Ellison has offered a personal guarantee of $40.4 billion to support his son David Ellison’s company, Paramount Skydance, in its bid to acquire Warner Bros Discovery. This move aims to address concerns raised by Warner Bros’ board about Paramount’s financing and the lack of full Ellison family backing. The guarantee is part of Paramount’s revised $108 billion all-cash offer, which is competing with Netflix’s $82.7 billion bid for Warner Bros’ studio and streaming assets. With this guarantee, Paramount hopes to alleviate doubts about its financing and demonstrate its commitment to acquiring Warner Bros Discovery.