Does he have $40 billion? Or will this just be more leveraged debt?
Well of course it’s debt, but the debt is guaranteed by Ellison’s personal Oracle stock. Which means that:
One - if the new Paramount/WB gets in to trouble (always a possibility with any media company) He might be required to sell chunks of his Oracle stock which would lower their value getting him in a destructive spiral of having to sell off increasing amounts Oracle stock at increasing lower values just to cover his personal loan. Which would leave Oracle open to a stock holders lawsuit too.
Or (and I think this is the much likelier scenario) - There’s a AI stock crash and now David Ellison and the new Paramount/WB is left holding the bag for a shit ton of Oracle stock which is now worthless and are scrambling to pay stockholders.
Either way I’d expect a suit from anyone holding Oracle stock pretty soon.It’s always leveraged debt.
This is the guy who said we peasants should be surveilled 24/7 to “keep us on our best behavior” (aka, we don’t band together because the moment we do, they’re mega-fucked).
Is that the real Larry or the wax figure from Madame Tussaud’s?
Facists will do fascist things
Doesn’t mean we have to let them.
That’s a nice idea but it’s coming upto a year and Americans have done nothing.
Legitimately, why should anyone care that one guy/family can “guarantee” anything?
Please crawl back into your hole, cretin. No one asked you to emerge.
