Larry Ellison backs $40.4B Paramount bid for Warner Bros.
Oracle's Larry Ellison is putting his own money on the line, personally guaranteeing $40.4 billion to help Paramount (controlled by his son David Ellison) try to buy Warner Bros. Discovery.
The offer is all cash—$30 per share—and comes after Netflix agreed to a deal valuing Warner Bros.' studio and streaming assets at $82.7 billion.
Why does this matter?
This is a rare showdown between tech and entertainment giants, with huge sums at stake—both deals are among the biggest debt moves of the decade.
But not everyone's convinced: Warner Bros. Discovery's board wants shareholders to reject Paramount's bid, calling it too risky compared to Netflix's deal (which still faces government scrutiny).
If you're into business drama or just want to see who ends up owning your favorite shows, this is one worth watching.