Larry Ellison will personally guarantee $40 billion
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Larry Ellison has built the world’s third-largest fortune by holding tight to his Oracle Corp. stock, rarely selling his shares and instead relying on loans to fund billions in investments and lifestyle expenses.
Larry Ellison now provides a “personal guarantee” of $40 billion of the financing for Paramount’s $108 billion offer to buy Warner Bros. Discovery.
WBD presented a chronology of events and meetings that occurred, leading to its deal to sell Warner Bros. studios and HBO Max to Netflix, following by David Ellison’s hostile takeover bid and the WBD board’s official rejection of the $30/share bid on Dec.