<\/p>\n
David Ellison and his family invested approximately $17 billion to complete Paramount Skydance Corp\u2019s acquisition of Warner Bros. Discovery, according to public filings.<\/p>\n
Ellison, the son of Oracle Corp. co-founder Larry Ellison, and his family acquired an estimated 1.4 billion shares in a stock offering, the filings show. Investors paid $12 a share, according to the company.<\/p>\n
David Ellison. Image: Kyle Grillot\/Bloomberg<\/p>\n
A spokesperson for the newly merged business, now called Skydance Corp., declined to comment.<\/p>\n
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The $110 billion Warner Bros. acquisition involved an equity investment of $47 billion. Three Middle Eastern sovereign wealth funds were slated to contribute $24 billion, RedBird Capital Partners invested $4 billion and Shinsegae Group, a South Korean retailer, provided $1 billion.<\/p>\n
The latest investment is on top of the roughly $8 billion that the Ellisons and RedBird put in to buy control of Paramount last year. The Ellisons control the company through their ownership of the voting shares.<\/p>\n
While the exact source of the Ellisons\u2019 funds is not known, Larry Ellison revealed on Sept. 25 that he pledged 67 million Oracle shares over the past year to use as collateral for personal loans. Those shares are worth more than $9 billion based on Oracle\u2019s share price.<\/p>\n
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The deal, which closed Tuesday, was one of the largest media mergers of all time, uniting two storied film studios, dozens of TV channels and two major subscription streaming services.<\/p>\n
Skydance shares have fallen about 9% since the merger closed.<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n
#Ellisons #invest #17bn #Warner #Bros #takeover<\/p>\n","protected":false},"excerpt":{"rendered":"
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