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Paramount Skydance Adjusts Tender Offer for Warner Bros. with a “personal guarantee” from Larry Ellison of 40.4 billion

kd December 22, 2025

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Paramount Skydance has adjusted its tender offer to acquire 100% of Warner Bros. Discovery.

The new offer includes a $40.4 billion irrevocable personal guarantee from Oracle co-founder Larry Ellison.

The commercial value of the operation remains at 108 billion dollars, or approximately 92.215 million euros.

Paramount Skydance has adjusted its tender offerits tender offer, to acquire 100% of Warner Bros Discovery to incorporate an irrevocable personal guarantee of $40.4 billion (an approximate change of €34.5 billion) from Larry Ellison, co-founder of Oracle, in financing the offer, which maintains a commercial value of $108 billion (€92.215 million).

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