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Market Chatter: Skydance's Warner Bros. Takeover Saw $17 Billion Investment From Ellisons

MT Newswires Live
Yesterday

Skydance (SKYD) completed its Warner Bros. takeover with roughly $17 billion in investment from Chairman David Ellison and his family, Bloomberg reported Thursday, citing public filings.

Ellison, the son of Oracle (ORCL) co-founder Larry Ellison, and his family acquired around 1.4 billion shares in a stock offering tied to the $110 billion acquisition, Bloomberg said. MT Newswires could not immediately verify the filings.

Investors paid a syndication purchase price of $12 per share, the company disclosed in a Tuesday filing.

Skydance did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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