Paramount renews bid for Warner Bros, ensuring $40 billion Larry Ellison backing

The war for the future of Warner Brothers continues, as Paramount Skydance announced Monday an amended all-cash offer for the legacy movie studio. The offer includes an “irrevocable personal guarantee” from a major backer, Oracle billionaire Larry Ellison, to provide tens of billions in equity financing for the deal. It’s the latest move by Ellison’s son, David Ellison—the CEO of Paramount Skydance—to pry the potential acquisition loose from his competition, the streaming giant Netflix.  “Larry Ellison has ...