Ellisons invest $17B in Paramount Skydance's Warner Bros. Discovery buyout

Bloomberg · 3 hours ago
Ellisons invest $17B in Paramount Skydance's Warner Bros. Discovery buyout
  • David Ellison and his family invested approximately $17 billion to complete Paramount Skydance Corp.'s acquisition of Warner Bros. Discovery Inc., according to public filings.
  • The Ellison family acquired an estimated 1.4 billion shares in a stock offering, the filings show.
  • Investors paid $12 per share, according to the company.
  • Ellison is the son of Oracle co-founder Larry Ellison.

Quotes

“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.”— Bloomberg
“Investors paid $12, according to the company.”— Paramount Skydance

Sources