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Paramount Strengthens Bid for Warner Bros. with Larry Ellison's $40 Billion Guarantee

KVIA•Monday, December 22, 2025 at 2:28 PM•CNN Newsource

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Paramount has intensified its acquisition bid for Warner Bros. Discovery, announcing that tech mogul Larry Ellison will personally guarantee $40.4 billion to finance the deal. Despite multiple rejections from Warner Bros.' board, which favors a Netflix offer, Paramount aims to address concerns over its financing by allowing shareholders to review Ellison's family trust finances. The offer includes a penalty increase for breaking the agreement from $5 billion to $5.8 billion, aligning with Netflix's proposal. While Paramount's offer is higher at $30 per share compared to Netflix's $27.75, Warner Bros. argues that their restructuring plans could enhance the overall value of their assets. The board's response to this revised offer remains uncertain, but shareholder input could sway the decision.

Key Details: • Larry Ellison guarantees $40.4 billion for Paramount's acquisition bid. • Paramount's offer is $30 per share, while Netflix's is $27.75. • Penalty for breaking the agreement increased to $5.8 billion. • Warner Bros. board has rejected Paramount's offer multiple times. • Shareholders may influence the final decision on the acquisition.

entertainment finance mergers paramount warner-bros

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ParamountDavid EllisonLarry EllisonWarner Bros. DiscoveryNetflix

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