Paramount is sweetening its hostile takeover bid for Warner Bros. Discovery with an “irrevocable personal guarantee” from Larry Ellison, who is putting up billions of dollars to back the deal for his son’s company.

Larry Ellison intends to personally backstop the $40.4 billion of the equity financing for its bid to acquire Warner Bros. Discovery (WBD). The company released a statement detailing several updates it made to the offer.

SlateStone Wealth partner Kenny Polcari breaks down Paramount’s bid to buy Warner Bros. and predicts blockbuster IPOs for 2026 on ‘Mornings with Maria.’

The streaming company has entered into a $5 billion senior unsecured revolving credit facility and two senior unsecured delayed-draw term loan facilities totaling $20 billion.

Warner Bros. Discovery is in the middle of a Hollywood tug-of-war between Netflix and Paramount. And chances are it'll be a long, bumpy regulatory road ahead for either buyer. Warner’s board on Wednesday urged shareholders to back the deal it struck with Netflix to sell its studio and streaming business for $72 billion.

Oracle co-founder Larry Ellison has stepped in to personally guarantee $40.4 billion in Paramount Skydance's latest effort to pry Warner Bros Discovery away from selling its prized Hollywood assets to streaming giant Netflix .

Warner Bros. Discovery requested a guarantee from the world’s third-richest person after Paramount’s hostile takeover offer.

Netflix (NASDAQ: NFLX) made a big splash recently, announcing its intent to acquire certain assets from Warner Bros. Discovery, including the company's film and television studios