Paramount-Warner Bros. Considers Asking Elon Musk for Equity Investment | Report
Musk has a close relationship with Oracle co-founder Larry Ellison, who has personally guaranteed $40.4 billion of the merger's equity financing The post Paramount-Warner Bros. Considers Asking Elon Musk for Equity Investment | Report appeared first on TheWrap .
Paramount-Warner Bros. Discovery merger discussions have reportedly included a potential equity investment from Elon Musk, according to Semafor. The Ellison-led media conglomerate is seeking fresh sources of capital to finance the $110 billion deal. Musk, who is connected to David Ellison's father and Oracle co-founder Larry Ellison, is among several high-net-worth individuals being considered.
While the exact amount Musk may invest is unknown, his potential contribution could reach into the billions. Ellison family funds and RedBird Capital Partners are also backing the merger, with Larry Ellison personally guaranteeing $40.4 billion of the debt financing. Other foreign investors include sovereign wealth funds from Saudi Arabia, the United Arab Emirates, and Qatar, as well as American-based "passive limited partner investors" and entities that hold Class B stock.
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