David Ellison and his family invested about $17 billion to complete the takeover of Warner Bros. Discovery, according to Bloomberg's reading of public filings, which count an estimated 1.4 billion shares bought in the stock offering at $12 per share. Forbes estimated Larry Ellison's fortune at $180.9 billion as of Oct. 8, eighth in the world, making the family's check a little over 9% of the Oracle (ORCL) co-founder's paper net worth on the day the two numbers were published.
What the money bought closed on Oct. 6. The combined company is called Skydance (SKYD), and it now trades on the New York Stock Exchange as SKYD; Barchart has already covered how to approach the stock now that the merger has closed. The assets named in closing coverage include Paramount, Warner Bros., HBO and HBO Max, Paramount+, CBS, CNN, Nickelodeon, Cartoon Network, MTV, Food Network, HGTV, and Comedy Central. Warner Bros. Discovery shareholders received about $31.02 per share in cash, and Bloomberg puts the acquisition's value at $110 billion.
