Paramount Skydance Corporation Class B Common StockA coalition of 12 state attorneys general has sued to block the merger, threatening the deal's completion.
Oracle founder Larry Ellison personally guaranteed $40.4 billion of the equity financing for Paramount Skydance's roughly $110 billion bid for Warner Bros. Discovery, backing his son David's media ambitions. A coalition of 12 state attorneys general has sued to block the merger, arguing it would throttle competition in theatrical distribution and cable licensing. Oracle stock has plunged roughly a third in 2026 and close to half since early June, vaporizing an estimated $213 billion of Ellison's net worth and weakening the backstop that relies on his Oracle wealth. The sell-off stems from market doubts about whether Oracle's heavy AI and cloud infrastructure spending will pay off.
Paramount Skydance Corporation Class B Common StockA coalition of 12 state attorneys general has sued to block the merger, threatening the deal's completion.
Warner Bros Discovery IncA coalition of 12 state attorneys general has sued to block the merger, threatening the deal's completion.
Oracle CorporationOracle stock has plunged due to market doubts about heavy AI and cloud infrastructure spending, weakening Ellison's wealth backing the guarantee.