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Ellison Family Backs Skydance's Warner Bros. Acquisition with $17 Billion

8 Oct

Summary

Skydance Corp.'s acquisition of Warner Bros. was finalized.
The Ellison family provided approximately $17 billion for the deal.
David Ellison led the investment for his family's acquisition.

Paramount Skydance Corp.'s acquisition of Warner Bros. Discovery Inc. has been finalized following a substantial investment from the Ellison family. Public filings reveal that David Ellison and his family committed approximately $17 billion to complete the transaction.

David Ellison, the son of Oracle co-founder Larry Ellison, led the family's investment, which involved acquiring an estimated 1.4 billion shares. This move underscores the family's significant commitment to the media industry and the future of Warner Bros. Discovery.

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