Larry Ellison guaranteed $45.72 billion of final merger consideration
Reporting and findings
- documented
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
Summary and current status
The contract exposes the precise personal-capital backstop behind his son's media expansion.
Guarantee effective for specified merger obligations
People and organizations
- 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