Pressure mounts as Ellison stakes $40bn for Warner Bros Media In the latest twist in Hollywood’s own corporate soap opera, tech billionaire Larry Ellison has personally guaranteed $40.4bn (£30bn) to support Paramount Skydance’s $108.4bn bid for Warner Bros Discovery (WBD), in a bid to outflank Netflix in the fight for the entertainment giant. Warner Bros urged shareholders last week to reject Paramount’s all-cash offer, citing [...]