US EditionLarry Ellison gives $40.4 billion guarantee for Paramount's Warner Bros bid
Larry Ellison's $40.4 billion personal guarantee backs Paramount Skydance’s $108 billion hostile bid to acquire Warner Bros., intensifying competition with Netflix in US media consolidation.
- On Dec. 22, 2025, Warner Bros. Discovery confirmed receipt of an amended, unsolicited $30 per share tender offer from Paramount Skydance and said the Board will carefully review it consistent with the Netflix Merger Agreement after previously rejecting the Dec. 8 offer.
- Paramount also increased its fee and extended the tender deadline to 5 p.m. ET on Jan. 21, after David Ellison's Monday submission backed by Larry Ellison.
- Paramount disclosed its financing, relying on $40.7 billion in equity—including $11.8 billion from the Ellison family—and $54 billion in debt, with 397,252 shares tendered as of Dec. 19.
- The Board reiterated it will keep its Netflix recommendation, saying it will not modify its stance on Netflix’s $82.7 billion deal while advising WBD stockholders not to act on Paramount’s tender.
- The filing notes multiple closing conditions and risks, including WBD’s global networks business retention, a 90% of outstanding shares threshold without board approval, and $4.3 billion in potential costs if the offer fails.
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der Standard DEOakmark expects more from Paramount. Oracle founder Larry Ellison had pledged $40.4 billion
Paramount CEO’s father offers $40B backing for WBD takeover
Paramount said billionaire Larry Ellison, father of the company’s CEO, would personally guarantee $40 billion to support the firm’s bid to buy Warner Bros. Discovery. Ellison’s intervention comes as competition heats up between Paramount and streaming giant Netflix, which is looking to secure WBD’s prized Hollywood assets. WBD’s board had reportedly expressed doubts about the Ellison-backed firm’s financing, instead recommending shareholders acc…
The battle between Paramount Skydance and Netflix for control of Warner Bros. Discovery represents one of the biggest media takeovers.
Factbox: How US media firms stack up as Netflix and Paramount clash for Warner Bros
Oracle ORCL.Nco-founder Larry Ellison will provide a personal guarantee of $40.4 billion in equity financing to back Paramount Skydance’s all-cash bid of $108.4 billion for Warner Bros Discovery, a regulatory filing showed on Monday. The move comes shortly after Warner Bros Discovery’s WBD.O board rejected Paramount Skydance’s PSKY.O $108.4 billion hostile bid, favoring Netflix in the high-stakes bidding war for the storied media giant. […] The …
Backed by ‘Bank of Dad,’ Paramount Makes Another Push For Warner Bros. Discovery
Paramount Skydance’s David Ellison had to make one thing clear to Warner Bros. Discovery: Don’t worry, my dad’s got this. In an amended bid for WBD on Monday, Paramount pinky-promised the financial backing of Larry Ellison, the Oracle founder, world’s fifth-richest man, and longtime backer of son David’s media and entertainment ambitions. Is it enough to shift the odds? Return of Debtflix The financing of Paramount’s all-cash $109 billion offer …
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