Paramounts new, hostile offer to Warner Bros. Discovery: Larry Ellison will personally guarantee $40 billion

The Wall Street Journal

Warner Bros Paramount Larry Ellison Bid 7F942087

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Netflix prepares finances from Warner Bros. Discovery purchase

New York Post

Paramount amends Warner Discovery bid with Larry Ellison personal guarantee

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The Hollywood Reporter

Feelings Dont Matter: How the Ellison Era Is Transforming Paramount

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Market Watch

Paramount Says Larry Ellison Now Personally Guarantees 40 Billion Of The Warner Bros Bid Be247A1C

Engadget

Paramount has an updated Warner Bros. Discovery bid

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Warner Preparing To Tell Shareholders To Reject Paramount Offer 38F069Ae

Business Insider

Paramount Skydance Revises Warner Bros. Bid As Netflix Offer Advances

Larry Ellison Agrees to Personally Guarantee Paramount Bid for Warner Bros. in Revised Offer

Variety

Paramount Skydance Says Larry Ellison Has Made Irrevocable Personal Guarantee of $40.4 Billion Toward Warner Bros. Discovery Bid

Forbes

Larry Ellison Guarantees 40 Billion In Paramounts Warner Bros Discovery Bid

Financial Times

Larry Ellison gives $40bn personal backing to Warner Bros Discovery bid

Paramount Skydance announced on December 22, 2025, that Oracle founder Larry Ellison will provide an irrevocable personal guarantee of $40.4 billion to finance its $108 billion hostile takeover bid for Warner Bros. Discovery, addressing concerns raised by WBD's board.

Paramount Skydance announced on December 22, 2025, that Oracle founder Larry Ellison will provide an irrevocable personal guarantee of $40.4 billion to finance its $108 billion hostile takeover bid for Warner Bros. Discovery, addressing concerns raised by WBD's board.

Warner Bros. Discovery's board rejected Paramount's initial offer on December 17, 2025, stating the company had relied on an unknown and opaque revocable trust rather than a direct commitment from the Ellison family, which the board said possessed ample resources.

Warner Bros. Discovery's board rejected Paramount's initial offer on December 17, 2025, stating the company had relied on an unknown and opaque revocable trust rather than a direct commitment from the Ellison family, which the board said possessed ample resources.

Netflix agreed on December 5, 2025, to acquire Warner Bros. Discovery's studios and streaming business for $27.75 per share in cash and stock, while Paramount's competing offer of $30 per share includes the entire company and its cable channels such as CNN.

Netflix agreed on December 5, 2025, to acquire Warner Bros. Discovery's studios and streaming business for $27.75 per share in cash and stock, while Paramount's competing offer of $30 per share includes the entire company and its cable channels such as CNN.

Paramount's bid is backed by sovereign wealth funds from Saudi Arabia, Qatar and Abu Dhabi. The company disclosed that these funds agreed to forgo governance rights, including board representation, associated with their investments.

Paramount's bid is backed by sovereign wealth funds from Saudi Arabia, Qatar and Abu Dhabi. The company disclosed that these funds agreed to forgo governance rights, including board representation, associated with their investments.

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Warner Bros. Discovery shares rose 4% on December 22, 2025, following Paramount's amended offer, while Paramount shares increased 3%. Netflix separately announced it secured $20 billion in term loans and a $5 billion revolving credit facility to finance its competing bid.

Warner Bros. Discovery shares rose 4% on December 22, 2025, following Paramount's amended offer, while Paramount shares increased 3%. Netflix separately announced it secured $20 billion in term loans and a $5 billion revolving credit facility to finance its competing bid.

Ellison Backs Paramount's $108B Warner Bros. Takeover Bid

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Ellison Backs Paramount's $108B Warner Bros. Takeover Bid

Ellison Backs Paramount's $108B Warner Bros. Takeover Bid

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