Until recently, David Ellison, with his billionaire father’s support, was seen as the leading contender to buy WBD – the owner of the Warner Bros. studio, HBO and CNN – after he signaled his interest upon completing his $8 billion purchase of Paramount to create Paramount Skydance. That’s because Larry Ellison’s net worth – after soaring to more than $400 billion to make him the second-richest in the world – has tumbled in recent weeks by more than $130 billion amid a broad selloff in tech stocks. But people inside the Ellison camp are now quashing such rumblings, telling people close to the deal that Larry Ellison plans to give David’s bid a “full backstop,” which could mean cash support or using his Oracle stock to borrow the funds to make it happen.
Author: Charles Gasparino
Published at: 2025-11-13 23:04:41
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