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Oracle co-founder Larry Ellison speaks at the White House on January 21, 2025 in Washington, DC.
(Photo by Andrew Harnik/Getty Images)
'Threat to Media and Democracy': Trump Ally Larry Ellison Puts Up $40 Billion to Help Son Buy CNN Owner
"Yesterday we saw the Ellison-owned CBS kill an important news story for being too critical of Trump," wrote one journalist. "Now Ellison is making another move to try to win control of CNN."
Dec 22, 2025
Oracle co-founder Larry Ellison, an ally of US President Donald Trump and one of the richest men in the world, pledged on Monday to provide $40.4 billion to help finance his son's hostile bid to acquire Warner Bros. Discovery, the owner of CNN, HBO Max, and other major media assets.
The billionaire's personal financing guarantee was announced in a press release issued by Paramount Skydance, a company headed by David Ellison, Larry Ellison's son.
"Paramount has repeatedly demonstrated its commitment to acquiring WBD," David Ellison said in a statement. "Our $30 per share, fully financed all-cash offer was on December 4th, and continues to be, the superior option to maximize value for WBD shareholders."
Paramount launched its $108 billion effort to take over Warner Bros. earlier this month, days after Netflix and Warner Bros. leadership announced a proposed merger deal. Antitrust advocates have warned that either merger would be destructive for journalism, television writers, media industry competition, and consumers.
Paramount added Larry Ellison's personal funding pledge to its offer after Warner Bros. board members raised concerns about the initial proposal, pointing specifically to the absence of a concrete guarantee of the billionaire executive's backing. Larry Ellison's net worth is estimated to be around $243 billion.
"The ability to deal directly with Larry if there was an issue to close would be critical," Warner Bros. board chair Samuel Di Piazza Jr. told CNBC last week. "Otherwise closing might not happen."
News of Larry Ellison's direct intervention in Paramount's bid for Warner Bros. came amid mounting concerns over media consolidation into the hands of a few right-wing billionaires and the Trump administration's growing political influence at the nation's news networks.
Last week, TikTok’s Chinese owner signed a deal giving Larry Ellison's company and other investors an 80% stake in a newly formed US TikTok entity.
On Sunday, chaos and outrage erupted at CBS News after editor-in-chief Bari Weiss spiked a "60 Minutes" segment on El Salvador's CECOT prison shortly before it was set to air. Sharyn Alfonsi, the veteran "60 Minutes" correspondent who led the segment, accused Weiss of making a "political" decision to prevent the airing of a report that would have reflected badly on the Trump administration. Paramount Skydance is the owner of CBS News.
"It's hard to ignore that this happened just as Paramount's hostile bid for Warner Bros. was slipping away," The American Prospect's David Dayen wrote late Sunday. "Time to please the king again."
Journalist and media critic Jennifer Schulze warned Monday that "Larry Ellison is a threat to journalism and democracy."
"Yesterday we saw the Ellison-owned CBS kill an important news story for being too critical of Trump," Schulze wrote. "Now Ellison is making another move to try to win control of CNN."
We are at a crossroads
This country and this world are at a monumental crossroads. US voters have an opportunity to beat back the forces of fascism and confront the billionaires who are rigging the economy, our media system, and our democracy, making it increasingly impossible for ordinary people to get by. We’re not just talking about the election. We’re talking about what must be done once these fascist elements are vanquished from power. We need a bolder set of solutions than what either major party has so far been willing to offer and a working-class movement ready to fight like hell for it. Trump didn't emerge from nowhere. The conditions that fueled MAGA authoritarianism were created by decades of radical neoliberal economic policies and a corrupt political system dominated by corporate interests. They slashed taxes on the super-rich, promising that the benefits would trickle down. They said giveaways to the corporate titans would make life more affordable for the rest of us. It was all bullshit. And when a bitter, betrayed populace searches for someone to blame, right-wing demagogues have little trouble finding scapegoats. People know when they're being lied to, but you won't hear any of this from the corporate media. Only independent journalism—powered and funded by people who believe in building a better world—can deliver truly trustworthy daily news. If you share our vision, please contribute whatever you can to sustain our work. |
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Oracle co-founder Larry Ellison, an ally of US President Donald Trump and one of the richest men in the world, pledged on Monday to provide $40.4 billion to help finance his son's hostile bid to acquire Warner Bros. Discovery, the owner of CNN, HBO Max, and other major media assets.
The billionaire's personal financing guarantee was announced in a press release issued by Paramount Skydance, a company headed by David Ellison, Larry Ellison's son.
"Paramount has repeatedly demonstrated its commitment to acquiring WBD," David Ellison said in a statement. "Our $30 per share, fully financed all-cash offer was on December 4th, and continues to be, the superior option to maximize value for WBD shareholders."
Paramount launched its $108 billion effort to take over Warner Bros. earlier this month, days after Netflix and Warner Bros. leadership announced a proposed merger deal. Antitrust advocates have warned that either merger would be destructive for journalism, television writers, media industry competition, and consumers.
Paramount added Larry Ellison's personal funding pledge to its offer after Warner Bros. board members raised concerns about the initial proposal, pointing specifically to the absence of a concrete guarantee of the billionaire executive's backing. Larry Ellison's net worth is estimated to be around $243 billion.
"The ability to deal directly with Larry if there was an issue to close would be critical," Warner Bros. board chair Samuel Di Piazza Jr. told CNBC last week. "Otherwise closing might not happen."
News of Larry Ellison's direct intervention in Paramount's bid for Warner Bros. came amid mounting concerns over media consolidation into the hands of a few right-wing billionaires and the Trump administration's growing political influence at the nation's news networks.
Last week, TikTok’s Chinese owner signed a deal giving Larry Ellison's company and other investors an 80% stake in a newly formed US TikTok entity.
On Sunday, chaos and outrage erupted at CBS News after editor-in-chief Bari Weiss spiked a "60 Minutes" segment on El Salvador's CECOT prison shortly before it was set to air. Sharyn Alfonsi, the veteran "60 Minutes" correspondent who led the segment, accused Weiss of making a "political" decision to prevent the airing of a report that would have reflected badly on the Trump administration. Paramount Skydance is the owner of CBS News.
"It's hard to ignore that this happened just as Paramount's hostile bid for Warner Bros. was slipping away," The American Prospect's David Dayen wrote late Sunday. "Time to please the king again."
Journalist and media critic Jennifer Schulze warned Monday that "Larry Ellison is a threat to journalism and democracy."
"Yesterday we saw the Ellison-owned CBS kill an important news story for being too critical of Trump," Schulze wrote. "Now Ellison is making another move to try to win control of CNN."
Oracle co-founder Larry Ellison, an ally of US President Donald Trump and one of the richest men in the world, pledged on Monday to provide $40.4 billion to help finance his son's hostile bid to acquire Warner Bros. Discovery, the owner of CNN, HBO Max, and other major media assets.
The billionaire's personal financing guarantee was announced in a press release issued by Paramount Skydance, a company headed by David Ellison, Larry Ellison's son.
"Paramount has repeatedly demonstrated its commitment to acquiring WBD," David Ellison said in a statement. "Our $30 per share, fully financed all-cash offer was on December 4th, and continues to be, the superior option to maximize value for WBD shareholders."
Paramount launched its $108 billion effort to take over Warner Bros. earlier this month, days after Netflix and Warner Bros. leadership announced a proposed merger deal. Antitrust advocates have warned that either merger would be destructive for journalism, television writers, media industry competition, and consumers.
Paramount added Larry Ellison's personal funding pledge to its offer after Warner Bros. board members raised concerns about the initial proposal, pointing specifically to the absence of a concrete guarantee of the billionaire executive's backing. Larry Ellison's net worth is estimated to be around $243 billion.
"The ability to deal directly with Larry if there was an issue to close would be critical," Warner Bros. board chair Samuel Di Piazza Jr. told CNBC last week. "Otherwise closing might not happen."
News of Larry Ellison's direct intervention in Paramount's bid for Warner Bros. came amid mounting concerns over media consolidation into the hands of a few right-wing billionaires and the Trump administration's growing political influence at the nation's news networks.
Last week, TikTok’s Chinese owner signed a deal giving Larry Ellison's company and other investors an 80% stake in a newly formed US TikTok entity.
On Sunday, chaos and outrage erupted at CBS News after editor-in-chief Bari Weiss spiked a "60 Minutes" segment on El Salvador's CECOT prison shortly before it was set to air. Sharyn Alfonsi, the veteran "60 Minutes" correspondent who led the segment, accused Weiss of making a "political" decision to prevent the airing of a report that would have reflected badly on the Trump administration. Paramount Skydance is the owner of CBS News.
"It's hard to ignore that this happened just as Paramount's hostile bid for Warner Bros. was slipping away," The American Prospect's David Dayen wrote late Sunday. "Time to please the king again."
Journalist and media critic Jennifer Schulze warned Monday that "Larry Ellison is a threat to journalism and democracy."
"Yesterday we saw the Ellison-owned CBS kill an important news story for being too critical of Trump," Schulze wrote. "Now Ellison is making another move to try to win control of CNN."
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