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Paramount has sent a revised offer to buy Warner Bros. with heavy involvement from Larry Ellison, Oracle founder and father of Paramount CEO David Ellison.
According to The Hollywood Reporter and Reuters, the elder Ellison agreed to provide a personal guarantee of $40.4 billion in equity financing to back Paramount's bid, which remains an all-cash offer at $30 per share. Other changes have been made to Paramount's offer, including matching Netflix's termination fee of $5.8 billion.
Read more at The Hollywood Reporter:
