As Paramount (PSKY) continues to pursue an acquisition with Warner Bros. Discovery (WBD), it persistently points to its ace, Larry Ellison, the billionaire father of Paramount CEO David Ellison, Lauren Hirsch of The New York Times reports. “We are providing you with funds certain from one of the wealthiest families in the world,” Paramount wrote in a letter to Warner Bros. Behind the scenes, however, questions about the extent of Ellison’s financial support were one of the issues that played a part in Warner Bro.’s decision to go with Netflix (NFLX), two people familiar with the matter said.
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