Oracle co-founder Larry Ellison has agreed to provide a personal guarantee of $40.4 billion of the equity financing for Paramount Skydance Inc.’s offer to acquire Warner Bros. Discovery.
Paramount, controlled by Ellison’s son David Ellison said the amended terms do not change the $30-per-share all-cash offer.
The bidding war for Hollywood’s most prized assets shows no sign of ending soon as the winner will gain a big advantage in the streaming wars by locking up a deep content library that has long been the target of blockbuster deals.