The Globe and Mail reports in its Tuesday edition that Paramount is sweetening its hostile takeover bid for Warner Bros. Discovery with an "irrevocable personal guarantee" from Larry Ellison, who is putting up billions of dollars to back the deal for his son's company. An Associated Press dispatch to The Globe says that on Monday, Skydance-owned Paramount Skydance announced that Mr. Ellison -- the founder of Oracle and father of Paramount chief executive David Ellison -- had personally agreed to be responsible for $40.4-billion of equity financing for the company's offer (all figures U.S.). Paramount had previously said that the Ellison family trust would be backing more than $40-billion of its bid for Warner. However, Warner's board has argued that Paramount had "consistently misled" shareholders about the Ellison family's backing because a "revocable trust is no replacement for a secured commitment." Paramount on Monday maintained that Warner had not previously asked for a personal guarantee. Paramount also said it would increase its payout if the deal is blocked by regulators, upping the breakup fee to $5.8-billion, matching what Netflix has already put on the table for its proposed transaction.