Larry Ellison pledges $40-billion personal guarantee for Paramount's Warner Bros. bid

The Paramount building in Hollywood. (Robert Gauthier/Los Angeles Times) Billionaire Larry Ellison has stepped up, agreeing to personally guarantee part of Paramount's bid for rival Warner Bros. Discovery. Ellison's personal guarantee of $40.4 billion in equity, disclosed Monday, ups the ante in the acrimonious auction for Warner Bros. movie and TV studios, HBO, CNN and Food Network. Read more: Paramount was poised to buy Warner Bros. Discovery. What went wrong? Ellison, whose son David Ellison is Para ...