Larry Ellison provides personal guarantee for Paramount takeover of Warner Bros Discovery
WBD had urged shareholders to reject $108.4bn hostile takeover bid from Paramount, which is controlled by the Ellisons, following $82.7bn Netflix deal The tech billionaire Larry Ellison has agreed to provide a personal guarantee of more than $40bn for Paramount Skydance’s fight to gain control of...
<p>WBD had urged shareholders to reject $108.4bn hostile takeover bid from Paramount, which is controlled by the Ellisons, following $82.7bn Netflix deal </p><p>The tech billionaire Larry Ellison has agreed to provide a personal guarantee of more than $40bn for Paramount Skydance’s fight to gain control of Warner Bros Discovery, amid an extraordinary corporate battle over the entertainment giant.</p><p>WBD <a href="https://www.theguardian.com/media/2025/dec/17/warner-bros-discovery-deal-paramount-skydance">urged shareholders to reject</a> a $108.4bn hostile takeover bid from Paramount – which is controlled by the Ellisons – last week, having <a href="https://www.theguardian.com/business/2025/dec/05/netflix-frontrunner-warner-bros-discovery-streaming-and-studio-sale">agreed to sell</a> its storied movie studios, HBO cable network and streaming service to Netflix in a $82.7bn deal earlier this month.</p> <a href="https://www.theguardian.com/business/2025/dec/22/larry-ellison-40-billion-paramount-warner-bros">Continue reading...</a>
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