In total, Paramount is offering $108.4 billion (equivalent to SEK 1,000 billion) for Warner Bros. and Larry Ellison has agreed to provide a personal guarantee of $40.4 billion, according to Bloomberg.
Larry Ellison's son David Ellison is CEO of Paramount, which confirms that the Ellison family's foundation owns about 1.16 billion Oracle shares, and Larry Ellison has promised to publish documents showing what the foundation will use to provide guarantees.
Paramount has also matched Netflix's offer of $5.8 billion in terms of what will be paid as a fee if authorities stop the deal.
Warner Bros. Discovery's board of directors has previously recommended that the owners reject Paramount's bid, citing that the Netflix bid was better in terms of Warner Bros.' studio operations and the HBO Max streaming service, which are also included in the assets.
Warner Bros. shares rose more than 4 percent in futures trading on Wall Street when the sweetened Paramount offer became known. Paramount shares also rose by more than 3 percent, while Netflix shares rose just under 1 percent.
Streaming giant Netflix, whose bid for Warner Bros.' studio and streaming operations is valued at 72 billion, announced earlier on Monday that it had entered into new agreements to secure loans of 59 billion dollars for the acquisition.
