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Paramount Updates Warner Bros. Offer, Affirms Ellison Family Backing

By Andrew Moran Paramount 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. […]