Key Highlights
- One of its primary issues is the repeated insistence by Paramount that its offer is backstopped by the Ellison family fortune.
- Larry Ellison, the father of Paramount CEO David Ellison, is a financial backer of the transaction and, as co-founder of tech giant Oracle, one of the Earth’s richest men.
- RedBird Capital, Apollo and three Middle East sovereign wealth funds are among the other investors in the deal.
- Related Stories News Elizabeth Warren, Richard Blumenthal Call For National Security Review Of Paramount-WBD; Top GOPer Wants “Rigorous” Antitrust Scrutiny Of Netflix Deal News Jared Kushner’s Affinity Partners Drops Out Of Paramount Bid For Warner Bros.
- Discovery “PSKY’s most recent proposal includes a $40.65 billion equity commitment, for which there is no Ellison family commitment of any kind,” the letter says, referring to Paramount by its ticker symbol.
