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Paramount–Warner Bros. Discovery combination reportedly set to take the Skydance name

A post says Larry Ellison gave a $40.4 billion irrevocable personal guarantee after Warner’s board rejected earlier offers.

AG
1 Source, 11h ago, first seen 11h ago

TLDR

A post claims the Ellison family bought Paramount for $8 billion, then won a bidding war against Netflix for Warner Bros. Discovery at roughly $111 billion. It says Larry Ellison gave a $40.4 billion irrevocable personal guarantee after Warner’s board rejected earlier offers backed by a revocable family trust. The post says the combined company was set to take the Skydance name the week of October 5.

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57.7K

1 Source, first seen 11h ago

451 likes17 comments108 saves43 reposts

Combined views

57.7K

1 Source, first seen 11h ago

451 likes17 comments108 saves43 reposts

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1 Source

@aakashguptaA dad just signed a $40.4 billion personal guarantee so his son could buy Hollywood. In 14 months, the Ellison family bought Paramount for $8 billion, then won a bidding war against Netflix for Warner Bros. Discovery at roughly $111 billion. Warner Bros, Paramount, CBS, HBO, CNN, DC, Nickelodeon, and TNT Sports now sit under one roof. Next week the combined company takes the name Skydance. Netflix should have won. Warner's board had already signed an $83 billion deal with them and rejected the Ellisons twice, because the money sat in a revocable family trust the board called "illusory." So Larry Ellison, 82 years old, answered with an irrevocable personal guarantee of $40.4 billion. One signature. For scale, Larry has sold about $4.7 billion of Oracle stock this entire century. The guarantee was almost 9x everything he's cashed out in 25 years, backed by his 1.16 billion Oracle shares. The merged streamer launches with around 207 million subscribers and $70 billion in projected annual revenue. And through Oracle, the family also holds 15% of TikTok's US entity. Harry Potter, Top Gun, Batman, SpongeBob, Game of Thrones, CNN, CBS News, and a piece of TikTok's algorithm, all of it now answers to one family.11h
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    1 Source

    @aakashguptaA dad just signed a $40.4 billion personal guarantee so his son could buy Hollywood. In 14 months, the Ellison family bought Paramount for $8 billion, then won a bidding war against Netflix for Warner Bros. Discovery at roughly $111 billion. Warner Bros, Paramount, CBS, HBO, CNN, DC, Nickelodeon, and TNT Sports now sit under one roof. Next week the combined company takes the name Skydance. Netflix should have won. Warner's board had already signed an $83 billion deal with them and rejected the Ellisons twice, because the money sat in a revocable family trust the board called "illusory." So Larry Ellison, 82 years old, answered with an irrevocable personal guarantee of $40.4 billion. One signature. For scale, Larry has sold about $4.7 billion of Oracle stock this entire century. The guarantee was almost 9x everything he's cashed out in 25 years, backed by his 1.16 billion Oracle shares. The merged streamer launches with around 207 million subscribers and $70 billion in projected annual revenue. And through Oracle, the family also holds 15% of TikTok's US entity. Harry Potter, Top Gun, Batman, SpongeBob, Game of Thrones, CNN, CBS News, and a piece of TikTok's algorithm, all of it now answers to one family.11h
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