Larry Ellison gives $40.4 billion guarantee for Paramount bid for Warner Bros

Oracle co-founder Larry Ellison has agreed to provide a personal guarantee of $40.4 billion of the equity financing for Paramount Skydance’s PSKY.O offer to acquire Warner Bros Discovery WBD.O, a filing showed on Monday.

Paramount said the amended terms do not change the $30-per-share all-cash offer.

The bidding war for Hollywood’s most prized assets shows no sign of ending soon as the winner will gain a big advantage in the streaming wars by locking up a deep content library that has long been the target of blockbuster deals.