Billionaire Larry Ellison is set to make one of the largest mergers in history if regulators clear it, giving him unprecedented sway over American media. His company will control CBS, CNN, HBO Max, Paramount+, Warner Bros., and more under one roof. The deal comes just months after Ellison took control of Paramount in an $8 billion merger with Skydance. To finance the new bid, Ellison is relying on his trust to provide $45.7 billion in equity commitments and a $57.5 billion debt commitment from three big banks. However, this poses a risk to Oracle’s fortune as it would require Ellison to sell a significant portion of his shares, which are currently worth $164 billion. The deal has raised concerns among regulators and investors alike, but Ellison is known for taking unconventional risks in the past.
Source: https://www.forbes.com/sites/phoebeliu/2026/02/27/what-paramount-warner-bros-merger-means-for-larry-ellisons-fortune