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The Guardian - US
The Guardian - US
Business
Callum Jones in New York

Larry Ellison gives personal guarantee for Paramount takeover of Warner Bros Discovery

Larry Ellison Paramount Warner Bros Discovery Ellisons WBD Netflix
a man in a suit speaks into a microphone
Larry Ellison speaks at the White House in Washington DC on 21 January 2025. Photograph: Andrew Harnik/Getty Images

The tech billionaire Larry Ellison has agreed to provide a personal guarantee of more than $40bn for Paramount Skydance’s fight to gain control of Warner Bros Discovery, amid an extraordinary corporate battle over the entertainment giant.

WBD urged shareholders to reject a $108.4bn hostile takeover bid from Paramount – which is controlled by the Ellisons – last week, having agreed to sell its storied movie studios, HBO cable network and streaming service to Netflix in a $82.7bn deal earlier this month.

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