Paramount Renews Bid for Warner Bros, Ensuring $40B Larry Ellison Backing

Paramount Pictures has renewed its bid for Warner Bros, a major Hollywood studio, in a move that could reshape the entertainment industry. The bid, which was first announced in 2024, has been met with skepticism by some analysts, but the renewed interest from Paramount suggests that the company is committed to making the deal happen.

The bid is worth $40 billion, a significant increase from the initial offer of $35 billion. The deal would give Paramount control over Warner Bros' vast library of films and TV shows, including the Harry Potter and Lord of the Rings franchises.

Larry Ellison, the billionaire co-founder of Oracle, has pledged to back the deal with a significant investment. Ellison has a long history of investing in the entertainment industry, and his backing is seen as a major boost to the deal.

The deal is still subject to regulatory approval, but Paramount's renewed bid suggests that the company is confident that it will be able to overcome any obstacles. The deal could have significant implications for the entertainment industry, and could lead to a major shake-up in the way that studios operate.

Sources

[3] Paramount renews bid for Warner Bros, ensuring $40B Larry Ellison backing