Paramount beefs up its bid for Warner Bros. Discovery

Paramount says it has adjusted its offer to WBD after there were some concerns as to whether billionaire Larry Ellison, the father of Paramount CEO David Ellison, would personally guarantee financial backing for the deal. Now, Paramount says it will maintain its cash offer at $30 a share, but that Larry Ellison has agreed to guarantee more than $40 billion. The amended bid also increases what Paramount agrees to pay if the deal falls apart. ...