Paramount Ups the Ante: Larry Ellison Pledges $40.4 Billion Personal Guarantee in Hostile Bid for Warner Bros. Discovery
In a dramatic escalation of the Hollywood bidding war of the century, Paramount Skydance has unleashed its ultimate weapon: an irrevocable personal guarantee from Oracle co-founder and multi-billionaire Larry Ellison. The move is a direct counterstrike against the Warner Bros. Discovery (WBD) board, which recently rejected Paramount’s $108.4 billion hostile takeover bid in favor of…