MarketPR
The merger between Warner Bros. Discovery and Skydance officially closed, creating a new entity under the ownership of David Ellison.
The transaction carries approximately $80 billion in debt, a level of leverage that significantly exceeds the burden that previously led to the departure of former Warner Bros.
According to Peter Kafka, chief correspondent at Business Insider, the new company is effectively controlled by David Ellison and his father, Oracle CEO Larry Ellison.
This structure limits the influence of public equity shareholders, though the substantial debt remains a primary concern for bondholders.
Keep reading