Larry Ellison is backstopping Paramount’s bid for Warner Brothers, but Warner Brothers is concerned that the billionaire has not provided a personal guarantee to pay.

Even if Paramount Skydance Corp. manages to take over Warner Bros. Discovery Inc. against the company’s will, it faces another high hurdle: coping with the colossal $54 billion of debt it’s planning to take on.

Paramount’s $108.4 billion takeover led by David and Larry Ellison could give the family unprecedented control of major film studios.

While accepting an award, "60 Minutes" correspondent Scott Pelley said his program has not faced any corporate interference from the new Paramount owners.

Corporate-law scholars say the bidding war for Warner Bros. Discovery has become a strange kind of legal nostalgia trip, dragging Paramount back to center stage for the first time in decades and reviving vintage doctrines from Revlon to the “Cuban beer” defense as Netflix tries to lock up a once‑in‑a‑generation deal.

Paramount Skydance is holding firm at its $30-per-share offer to shareholders to buy Warner Bros. Discovery and believes a majority will tender their shares despite the pressure to increase its bid for the legacy Hollywood studio, TheWrap has learned.

Paramount is taking its case to Warner Bros. Discovery shareholders after launching a hostile takeover offer to pry the company away from Netflix.

No, it’s not Netflix’s quest to acquire Warner Bros. Discovery. It’s Sumner Redstone’s long and painful struggle with Barry Diller to control Paramount three decades ago. The outcome reordered the media industry and created a new Hollywood dynasty.

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