The Headlines – Father’s guarantee: Oracle co-founder Larry Ellison backstops son’s $78bn Paramount bid for Warner Bros. Discovery

Tech billionaire Larry Ellison has personally guaranteed over $40 billion for Skydance’s $78 billion bid for Warner Bros. Discovery, aiming to quell board doubts about funding certainty. This move, backing his son David’s takeover attempt, intensifies the hostile bid against a rival Netflix deal. WBD’s board now faces increased pressure from shareholders.

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