Oracle co-founder, CTO and Executive Chairman Larry Ellison listens as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House on February 03, 2025 in Washington, DC. ANNA MONEYMAKER / GETTY IMAGES VIA AFP
Oracle tech tycoon Larry Ellison is offering a $40.4 billion personal guarantee to back Paramount's hostile bid for Warner Bros Discovery, deepening a bidding war with Netflix, a statement said on Monday, December 22.
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The amended proposal, worth a total $108 billion from the company run by Ellison's son David, addresses concerns raised by Warner Bros's board, which saw the Paramount bid as too risky and asked shareholders to accept a competing buyout offer from Netflix.
