Paramount Updates Warner Bros. Offer, Affirms Ellison Family Backing

Paramount Global and Skydance logos, in this illustration taken on ec. 17, 2024. Reuters/Dado Ruvic/Illustration/File PhotoParamount Skydance amended its offer to buy Warner Bros. Discovery on Dec. 22, guaranteeing backing from Oracle billionaire Larry Ellison.Following questions raised by the Warner Bros. Discovery (WBD) board of directors, the studio said in a statement that Larry Ellison, the father of Paramount CEO David Ellison, would support the acquisition.