#larry-ellison-guarantee

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fromFortune
12 hours ago

Billionaire Larry Ellison comes to his son's rescue, agreeing to personally guarantee over $40 billion to finance Paramount's bid for Warner Bros. | Fortune

Oracle co-founder Larry Ellison is raising the stakes in the battle for Hollywood's future, personally intervening to salvage his son David Ellison's hostile takeover bid for Warner Bros. Discovery. On Monday, David's company, Paramount Skydance, announced the elder Ellison had provided an "irrevocable personal guarantee" of $40.4 billion to finance the deal, directly countering claims that the company's funding was unreliable.
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Media industry
fromwww.theguardian.com
14 hours ago

Larry Ellison gives $40bn personal guarantee to Paramount's bid for Warner Bros Discovery business live

Paramount improved its hostile takeover offer with a $40.4bn personal guarantee from Larry Ellison and a $5.8bn reverse break-up fee to match Netflix.
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