📌 Yes — the story is not a rumor or a TikTok meme: a hostile offer from Paramount to buy Warner Bros. Discovery is indeed happening, and Larry Ellison has put his name and money on the line for the attempt.

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🧠 What is really happening now

📍 1) Paramount Skydance has launched a hostile purchase offer

Paramount — the media company controlled by the Ellisons (through Skydance) — has offered to buy all of Warner Bros. Discovery with a cash payment of US$30 per share, valuing the company at around ~US$108.4 billion.

🔹 “Hostile” means that the offer was made directly to shareholders, not to the Warner Bros. board, after Warner's management preferred a deal with Netflix.

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🧨 2) Larry Ellison has personally guaranteed part of the money

This is the most striking part: Larry Ellison — founder of Oracle and one of the richest men in the world — has agreed to personally guarantee US$40.4 billion of the financing for the offer.

➡️ This means that it is not just a vague promise that they have funds, but that Ellison signed a firm commitment of financial backing for that part of the money, directly addressing one of the major objections from the Warner board.

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❌ 3) Warner Bros. has not yet accepted the deal

The Warner Bros. Discovery board previously rejected Paramount's hostile offer, saying they did not trust that it was adequately financed and that it was inferior to the existing deal with Netflix.

➤ Warner now recommends that its shareholders accept the deal with Netflix — which is safer and already agreed upon — instead of Paramount's offer.

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🤝 4) Netflix is still in the fight

The deal between Warner and Netflix (for HBO Max, studio, and libraries) remains the board's favorite because it is considered more solid in financing, although Paramount is trying to win over shareholders with full cash.