By Cox Media Group National Content Desk
Publication Date: 2025-12-22 16:04:00
The father of Paramount’s CEO has raised the stakes on the hostile purchase of Warner Bros. Discovery, which, if accepted, would keep Warner Bros. intact.
Oracle Corp. Chief Executive Larry Ellison said he would provide $40.4 billion in equity financing for Paramount Skydance’s offering, Bloomberg reported.
The company’s $30 per share offer is still on the table.
Ellison said he would not break his family’s trust or do anything that would lose the value of their assets because the deal is still pending.
The family owns approximately 1.16 billion shares of Oracle common stock.
“To address Warner Bros.’s amorphous need for ‘flexibility’ in the interim business, Paramount’s revised proposed merger agreement provides Warner Bros. with further enhanced flexibility in debt refinancing transactions, covenants and interim operating agreements,” Paramount said loudly Bloomberg.
Ellison’s son has pushed to buy Warner Bros. Discovery despite the latter accepting a deal with Netflix that…