{"id":36997,"date":"2026-04-22T00:54:55","date_gmt":"2026-04-22T00:54:55","guid":{"rendered":"https:\/\/www.europesays.com\/people\/36997\/"},"modified":"2026-04-22T00:54:55","modified_gmt":"2026-04-22T00:54:55","slug":"larry-ellison-guarantees-40-4-billion-in-paramounts-hostile-bid-for-warner-bros-discovery-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/people\/36997\/","title":{"rendered":"Larry Ellison guarantees $40.4 billion in Paramount’s hostile bid for Warner Bros. Discovery"},"content":{"rendered":"\n

Paramount<\/a> is sweetening its hostile takeover<\/a> bid for Warner Bros. Discovery<\/a> with an \u201cirrevocable personal guarantee\u201d from Larry Ellison, who is putting up billions of dollars to back the deal for his son\u2019s company.<\/p>\n

On Monday, Skydance-owned Paramount announced that Larry Ellison \u2014 the founder of Oracle and father of Paramount CEO David Ellison \u2014 had personally agreed to be responsible for $40.4 billion of equity financing for the company’s offer, as well as any damage claims.<\/p>\n

Paramount had previously said that the Ellison family trust would be backing more than $40 billion of its bid for Warner<\/a>. But Warner’s board was critical of that decision<\/a> last week, arguing that Paramount had \u201cconsistently misled\u201d shareholders about the Ellison family’s backing because a \u201crevocable trust is no replacement for a secured commitment.\u201d<\/p>\n

Paramount took a swipe at that assertion on Monday \u2014 maintaining that Larry Ellison holds the majority of the trust’s assets and that Warner had not previously asked for a personal guarantee. But nevertheless, the company said, it \u201celected to address WBD\u2019s current stated concerns.\u201d<\/p>\n

Beyond doubling down on Ellison’s backing, Paramount also said it would increased its payout if the deal is blocked by regulators. The company is now upping the breakup fee to $5.8 billion \u2014 matching what Netflix<\/a> has already put on the table for its proposed transaction.<\/p>\n

The value of Paramount’s $30 per share offer otherwise remains unchanged. But the company is extending the window for shareholders to \u201ctender\u201d their shares, with a deadline now set for Jan. 21.<\/p>\n

\u201cParamount has repeatedly demonstrated its commitment to acquiring WBD,” Paramount CEO David Ellison said in a statement, adding that his company’s offer continues to be \u201cthe superior option to maximize value for WBD shareholders.\u201d<\/p>\n

Paramount’s all-cash bid for all of Warner\u2019s properties \u2014 including networks like CNN and Discovery \u2014 is valued at $77.9 billion, not including debt. But Warner\u2019s board has urged shareholders<\/a> to back the cash-and-stock deal it struck with Netflix earlier this month, which would sell its studio and streaming business<\/a> for $72 billion.<\/p>\n

The Associated Press reached out to media contacts for Warner and Netflix for further comments on Monday. In a letter to shareholders last week, Warner’s board maintained that the terms of the Netflix merger were superior, while \u201cthe PSKY offer is illusory.\u201d<\/p>\n

Also on Monday, Netflix disclosed that it had refinanced part of its $59 billion bridge loan for its proposed acquisition. A regulatory filing outlined $15 billion in financing between revolving credit and delayed-draw term loans.<\/p>\n

Shares of Paramount-Skydance jumped more than 5% in Monday morning trading. Warner Bros. Discovery stock was up almost 3%, while Netflix slipped about 0.7%.<\/p>\n","protected":false},"excerpt":{"rendered":"Paramount is sweetening its hostile takeover bid for Warner Bros. Discovery with an \u201cirrevocable personal guarantee\u201d from Larry…\n","protected":false},"author":2,"featured_media":36998,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[167],"tags":[1497,18872,813,4985,6946,24220,4379],"class_list":{"0":"post-36997","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-larry-ellison","8":"tag-david-ellison","9":"tag-ellison-family","10":"tag-larry-ellison","11":"tag-netflix","12":"tag-paramount","13":"tag-personal-guarantee","14":"tag-warner-bros"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@people\/116445637669597812","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/36997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/comments?post=36997"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/36997\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media\/36998"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media?parent=36997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/categories?post=36997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/tags?post=36997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}