A group of five banks provided the credit, including JPMorgan, Citigroup, HSBC, UBS and BNP Paribas. The funds are intended to help pay for the takeover of the media company by Ellison's son, shifting the financing burden from asset liquidation to debt secured by a diverse portfolio of stocks.
Wednesday, October 21, 2026
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Larry Ellison Pledges Shares for Warner Bros Takeover After Scrapping $7.5B Sale
Business4 hours ago
The Oracle founder secured bank loans by using holdings in Tesla, SpaceX, Paramount and Oracle as collateral to finance David Ellison's bid for Warner Bros. Discovery. This borrowing strategy replaces a plan from September to sell approximately $7.5B of Oracle stock to fund the acquisition, allowing the tech billionaire to raise capital without diluting his ownership in his company.
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