According to the public filing, David Ellison and his family invested approximately $17 billion to complete Paramount Tianmu's acquisition of Warner Bros. Discovery. According to filing documents, Ellison, the son of Oracle co-founder Larry Ellison, and his family purchased about 1.4 billion shares in this stock offering, and the subscription price disclosed by the company was 12 US dollars per share. The new company after the merger was renamed Tianwu Company, and its spokesperson declined to comment. The total equity financing in this $110 billion Warner Bros. acquisition deal was 47 billion US dollars. Three Middle Eastern sovereign wealth funds plan to invest 24 billion US dollars, Red Bird Capital Partners will invest 4 billion US dollars, and Korean retail company New World Group will invest 1 billion US dollars. The $17 billion investment is in addition to the Ellison Family and Redbird Capital investing about $8 billion last year to gain control of Paramount. The Ellison family controlled the business by holding voting shares.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.