Larry Ellison makes $40.4bn move for Warner Bros. Discovery
Oracle CEO Larry Ellison is back with a bigger offer to buy Warner Bros. Discovery, now putting $40.4 billion on the table with a personal guarantee—hoping to ease earlier worries about funding.
The Ellison family's push comes after their last bid was turned down just a week ago.
Drama around CBS and political ties raise questions
Meanwhile, David Ellison's ownership of CBS is under the spotlight after CBS, under his ownership, spiked a "60 Minutes" story on Trump-era deportations, a decision made by editor-in-chief Bari Weiss, which has some Warner Bros. Discovery shareholders worried about possible editorial influence at CNN if the deal happens.
Plus, reports about David's ties to Donald Trump are stirring up concerns that CNN could change direction under new leadership, making this acquisition even more complicated.