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Larry Ellison Borrowed Against His Tesla and SpaceX Stock to Fund His Son's Warner Bros. Deal

Source: 247wallst.com

Credit & Bond MarketsMedia & EntertainmentCompany FundamentalsManagement & Governance
Larry Ellison Borrowed Against His Tesla and SpaceX Stock to Fund His Son's Warner Bros. Deal

Larry Ellison pledged shares in two closely watched companies as collateral for loans tied to a media empire now controlled by his son, according to the article. The media business is described as being controlled at a steep loss; the article provides no loan amounts, share values, or company names.

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