By Garvit Bhirani
Publication Date: 2025-12-22 16:14:00
Oracle’s chief technology officer (CTO) and billionaire Larry Ellison has personally pledged $40.4 billion to support his son’s Paramount takeover bid for Warner Bros. Discovery, aiming to keep the company’s valuable Hollywood assets out of the hands of streaming giant Netflix.
According to a filing Monday, the warranty is supposed to fix the problem Warner Bros. Board concerns regarding Paramounts funding and the lack of full support from the Ellison Family that had previously made Netflix’s cash-and-stock offering more attractive.
Following the announcement, Warner Bros. shares rose nearly 4%, while Paramount’s rose about 3%.
Larry Ellison net worth: How much does the Oracle co-founder make?
Larry Ellison became only the second person in history to surpass $400 billion in net worth in September this year, fueled by an AI-powered surge in Oracle shares, according to Forbes.
Five years ago, Ellison moved permanently to the Hawaiian island of Lanai, where he…