Why Larry Ellison is committing $40.4 bn to strengthen Paramount’s Warner Bros. acquisition bid
Larry Ellison, the co-founder of Oracle and one of the world’s richest people, has stepped in personally to back Paramount Skydance’s bid for Warner Bros. Discovery. The move is aimed at allaying concerns over whether Paramount really has the money to close the deal.
Oracle co-founder Larry Ellison will provide a personal guarantee of $40.4 billion in equity financing to support Paramount Skydance’s all-cash $108.4 billion bid for Warner Bros. Discovery, according to a regulatory filing.
