Larry Ellison guaranteed $45.72 billion of final merger consideration
The contract exposes the precise personal-capital backstop behind his son's media expansion.
Entities and roles
- David EllisonParamount Skydance chair and chief executive
- Larry EllisonTrump friend and financing guarantor for Paramount Skydance
- Paramount Skydance Corporationbeneficiary of financing backstop
- Warner Bros. Discovery, Inc.guaranteed merger counterparty
- Donald J. Trumpsitting president closely allied with the transaction's principal financiers
Relationships in this file
- Donald J. Trumpmedia executive closely allied with TrumpDavid Ellison
- Donald J. Trumpclose Trump associate and financing guarantor for his son's media companyLarry Ellison
Money trail
commitmentGuaranteed merger consideration$45,720,000,000 - Committed by / source
- Larry Ellison and the Ellison Trust
- Committed toward / intended recipient
- Warner Bros. Discovery under merger agreement
Claims and evidence
- factdocumented
The filed Ellison Guarantee makes Larry Ellison and his revocable trust responsible, subject to its contractual limits, for $45.72 billion of merger consideration plus specified contingent amounts and covered obligations.
- U.S. Securities and Exchange Commission: Lawrence J. Ellison limited guarantee for Warner Bros. Discovery mergerSection 1.1, Guaranteed Obligations
- Associated Press: Takeover bid of parent company means limbo for CNN and some fellow cable networksPassages identifying David Ellison's Paramount control, Larry Ellison's financing role, and Larry Ellison's relationship with Trump