Well, (technically) the deal still isn't final.
Step one was Ellison convincing all nations around the world who use Paramount, Warner, and each of the companies within planned merger -- to approve the deal. One by one, various nations stated they didn't object.
Step two was stopping the antitrust lawsuits from twelve U.S. states.
With those two basics done, now Ellison can ask for the MONEY to actually do the merger. He couldn't get the money until he knew this would be unopposed.
As detailed abovethread (see this post and following),
Ellison still has to raise
at least 80 billion dollars in loans and investments -- in order to finance the purchase and pay off existing debts. And Persian Gulf countries are part of it.
The abovethread posts are detailed so I won't repeat all that here. They specify the different types of financing,
(There was an unverified * rumor * that they might ask Elon Musk for funding.)
I cannot read Wall Street Journal without a subscription, but WSJ is still saying Ellison needs the funds.
October 2nd WSJ headline:
"David Ellison won Warner Bros. Now he has to
make the $81 billion deal work"
https://www.wsj.com/business/media/david-ellison-won-warner-bros-now-he-has-to-make-the-81-billion-deal-work-2724e9e0
WSJ reporter Joe Flint has been writing articles and tweeting about the merger for months. You can follow him here:
https://x.com/JBFlint
Sometimes he tweets excerpts from his articles.
Despite being in debt, back in February, Paramount had to pay Netflix 2.8 billion dollars as a fee for Netflix ending its bid to buy Warner Brothers (L.A.Times link).
According to this March 2026 article (link), Paramount had so much debt that it was downgraded to "junk" status.
And now Skydance would be taking on Warner Brothers' existing debts with this new merger.
So basically Larry Ellison had to make it
seem to be all shiny -- complete with victory statements about the U.S. states dropping their antitrust lawsuits, the planned corporate name (Skydance), a promotional video, and planned new executive staff -- to convince people to give him all the money he needs.
The next deadline is Tuesday October 6.
Yahoo Finance has linked to some paywall-free articles about the enormous effort to get funding:
October 1st: "Paramount Skydance Falls 5% Despite Antitrust Clearance and $41.4B Debt Pricing, Warner Bros. Discovery Holds Flat; Netflix Eases" (link to "247wallst.com" article)
October 1st: "Paramount's Record Bond Sale Has a Rough Opening Day" (Link to moby article on yahoo)
From Bloomberg (link): October 2nd:
"Paramount’s $52 Billion Debt Saga Ends With Hair-Raising Finale"
(this seems to be a dramatically-focused click article)
... but wait. it's NOT over yet:
From Bloomberg (link): October 3rd:
"Larry Ellison Risk Exposed by Paramount and Oracle Debt Binges"
investors concerned because
Larry Ellison's father David Ellison (founder of Oracle) was supposedly helping with funding the Skydance merger -- via the combined Ellison family funding of David and Larry . . . but, however,
Oracle funds might be sunk in an artificial intelligence buildout . . .
thus the combined Ellison family funds might not be what potential investors might think enough.
Sept.25 article on the Oracle a.i. funding debacle (link)
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janea4old ·
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