I think I read Paramount and Larry Ellison are broke.
Seems Larry has been borrowing 10’s of billions with Oracle to build out AI data centers to compete with the big dogs.
He’s helping his kid (Skydance) put together the deal with Paramount...with Larry pledging $40bil of the expected $108bil deal...all in Oracle stock. Not cash.
Don’t be surprised if they cannot raise the money, not the least for the reason they’re paying too much.
Maybe nobody buys WBD.
Larry is still loaded. He won’t need to sell his $490 million yacht.