Larry Ellison pledges Oracle shares tied to Paramount Skydance takeover
Larry Ellison, Oracle's executive chair and chief technology officer, just pledged 67 million more Oracle shares, worth about $9.2 billion, as collateral for personal loans.
This move is tied to the big Paramount Skydance Corp. takeover of Warner Bros. Discovery, and it bumps up his pledged shares by 19% since last year.
Ellison, son commit $47B buyout equity
Ellison and his son David have committed $47 billion in equity for the buyout, with most of the funding coming from Middle Eastern investors.
Now, 36% of Ellison's total Oracle holdings are pledged, out of his huge 1.16 billion shares.
The filing also revealed major stock option awards for Oracle's co-CEOs: $621.7 million for Clay Magouyrk and $248.7 million for Mike Sicilia.
Normally, Oracle doesn't let executives pledge company stock, but Ellison gets a pass as part of this high-stakes strategy.