Larry Ellison Backs Paramount Bid for WBD | Bloomberg Tech 12/22/2025
PositiveTechnology
- Larry Ellison has provided a personal guarantee to support Paramount Skydance's bid for Warner Bros. Discovery, which is currently valued at $30 per share. This backing comes amid a competitive landscape where Paramount's bid follows a significant agreement between Warner Bros. and Netflix, valued at approximately $72 billion.
- This development is crucial for Paramount Skydance as it seeks to strengthen its position in the media industry, leveraging Ellison's influence and financial backing to enhance its bid for Warner Bros. Discovery.
- The ongoing bidding war highlights the intensifying competition in the media sector, particularly as companies like Netflix and Paramount vie for dominance. Additionally, the situation raises concerns regarding antitrust implications and regulatory scrutiny, as both companies' bids could reshape the entertainment landscape.
— via World Pulse Now AI Editorial System
