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Jul 8, 2024
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t the ellison family, led by larry ellison, and kkr.kr is not a new investor in the additional transaction that follows that valuation. by the way, you value at $4.75 billion, so what do you do if you're paramount? you issue 317 million new shares. they go to redbird, ellisons, kkr, and then you turn around and you're the skydance investor group, you're not just buying nai for $4.2 billion. that does include debt. it's about $1.75 billion they're paying for the equity. you're also turning around and buying 48% of the b shares at 15 bucks a share or at least giving the opportunity to shareholders to sell that to you. that costs you $4.5 billion. then you're putting $1.5 billion on the plbalance sheet as well delever the company. the hope is that it will help with delevering. the new owners, and i'll get to them in a moment, they own all the a shares, because they're not just tendering, by the way, for the bs at 15. they're also tendering for the other as, the other as that aren't owned by nai at 23. so you basically control the company.
t the ellison family, led by larry ellison, and kkr.kr is not a new investor in the additional transaction that follows that valuation. by the way, you value at $4.75 billion, so what do you do if you're paramount? you issue 317 million new shares. they go to redbird, ellisons, kkr, and then you turn around and you're the skydance investor group, you're not just buying nai for $4.2 billion. that does include debt. it's about $1.75 billion they're paying for the equity. you're also turning...
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Jul 12, 2024
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it has backing of larry ellison and mark lasri.ts. >> ahead of the final weekend, which will shape up to be great races. thank you for being with us. >> thank you. >> everyone in sports wants to be the next f1 in terms of its success, mainstream appeal. sail gp has a lot of those elements, high risk, high stakes, $2 million prize this weekend. what do you need to do to get to the next level to have that mainstream access? >> the interesting thing is we've seen incredible growth over the last, really, six months even. new teams coming on. we just announced a new team from brazil, we have another announcement in september, another exciting team. as we expand into those markets, i think we're drawing more fans and really see what is even an exciting racing product. i was just saying before that really what we're seeing is this isn't the avid sailing fan following sailgp. it's the general sports fan and also the people that are interested in the back stories behind the athletes. >> you've got a growth fan base attracting more investor
it has backing of larry ellison and mark lasri.ts. >> ahead of the final weekend, which will shape up to be great races. thank you for being with us. >> thank you. >> everyone in sports wants to be the next f1 in terms of its success, mainstream appeal. sail gp has a lot of those elements, high risk, high stakes, $2 million prize this weekend. what do you need to do to get to the next level to have that mainstream access? >> the interesting thing is we've seen incredible...
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Jul 26, 2024
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felt that larry ellison is going to win this.ney to keep spending and said, you know what? put up more money but the other guy can go more than a nickel, where it is. we'll see. also suggested as becky, when becky asked the question, there will be a lot of litigation around this deal with david and larry ellison, and the skydance company. >> i think the big issue, too, is the skydance valuation. nats something barry takes issue with and a lot of shareholders do, too. they consider it kind of inflated valuation for that and that's put on to the shareholders. barry's words earlier when he talked to us, basically asking shareholders to be diluted fwli. barry i think used the term 40%. i don't know the numbers on that. that's a big part of the question, too. as you mentioned probably a pretty litigious outcome, no matter. >> interesting, thought a steel even at these prices. >> he likes legacy. i think it's just weird that barry diller's talking about paramount again. i mean, how many years -- >> been through it -- before with that.
felt that larry ellison is going to win this.ney to keep spending and said, you know what? put up more money but the other guy can go more than a nickel, where it is. we'll see. also suggested as becky, when becky asked the question, there will be a lot of litigation around this deal with david and larry ellison, and the skydance company. >> i think the big issue, too, is the skydance valuation. nats something barry takes issue with and a lot of shareholders do, too. they consider it kind...
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Jul 13, 2024
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who is the son of oracle billionaire larry ellison this past week, the deal looks good for redstoneonal amusement which is a controlling share but less good for the public shareholders. jack: the billionaire do you think he has the chops to run any business much less a business in a tough sector? >> it's going to be a tall order sky dance is a tiny fraction the size of paramount and paramount is the devil and other managers in the past into the be interesting to see if he can make this work. investors and wall street is skeptical how well this will work, the paramount public shareholders are getting $15 for half of their stock, the stock is trading 11 and the redstone we don't know what they got but the man got $30 a share for their stock it looks a real disparity there could be lawsuits in delaware where the company is based, that could derail the deal. jack: thank you. let's go to actionable ideas, jacob your calling for pizza. >> domino's is a rare restaurant company doing it right a lot of inflation consumers getting choosy about what they buy, domino's is able to add thousands
who is the son of oracle billionaire larry ellison this past week, the deal looks good for redstoneonal amusement which is a controlling share but less good for the public shareholders. jack: the billionaire do you think he has the chops to run any business much less a business in a tough sector? >> it's going to be a tall order sky dance is a tiny fraction the size of paramount and paramount is the devil and other managers in the past into the be interesting to see if he can make this...
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Jul 14, 2024
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the big problem is that you have people like larry ellison, who's the co—founder of a massive companyed oracle, having given the tony blair institute hundreds of millions of dollars, he's given 100 million. he's going to give another $200 million. and his big thing is health data, ai. and what was tony blair talking about this week? ai and data and the nhs. so i think it's important to separate the man from this idea of money and politics and people buying influence and pay to play in politics. we can talk about think tanks and we can talk about lobbyists. in british politics, there is nothing. there has never been anything like the tony blair institute when it comes to its scale. >> now, tony blair would say, my institute is a not for profit organisation. aaron. somehow he's making money. i think he's worth about £60 million. at least that's what he will say online. he's certainly the most wealthy former prime minister. should we should we be worried about that sort of conflict of interest? dominique? is there should there be more transparency about how tony blair might profit from s
the big problem is that you have people like larry ellison, who's the co—founder of a massive companyed oracle, having given the tony blair institute hundreds of millions of dollars, he's given 100 million. he's going to give another $200 million. and his big thing is health data, ai. and what was tony blair talking about this week? ai and data and the nhs. so i think it's important to separate the man from this idea of money and politics and people buying influence and pay to play in...
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Jul 3, 2024
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he's got to be topping the charts again. >> you were talking about larry ellison earlier.ou can't -- he has a reportable stake in tesla, but i think he may still own 1% of the company. >> that's a good point. yeah. ellison is -- yeah. >> he's doing okay. >> he's really rich. >>> by the way, you mentioned the meme -- i mean, the chewy thing with roaring kitty earlier this week, $243 million worth of stock, 6.6%, i think it was. stock went down, though, right? >> yeah. >> i don't know where it is right now. >> it had run up a bit into the actual disclosure. >> on the dog cartoon. >> it's down yet again. there it is. you get a sense for it this week. >> yeah, it's -- it's the classic trading strategy of, you know, you buy the dog cartoon post, and you sell the s.e.c. filing. >> that's a classic strategy. i know. if kolanovic had known that, he might still have a job. >> divergence for novo nordisk on today's session. "usa today" op-ed penned by president biden and senator bernie sanders urging these drug companies to lower prices a and "end their greed" but little lilly start
he's got to be topping the charts again. >> you were talking about larry ellison earlier.ou can't -- he has a reportable stake in tesla, but i think he may still own 1% of the company. >> that's a good point. yeah. ellison is -- yeah. >> he's doing okay. >> he's really rich. >>> by the way, you mentioned the meme -- i mean, the chewy thing with roaring kitty earlier this week, $243 million worth of stock, 6.6%, i think it was. stock went down, though, right?...
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Jul 10, 2024
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and to your point, yeah, larry ellison's got one of the great fortunes in the world.acle stake, but it's well beyond that, obviously. he was a large shareholder in tesla. took a big position. >> remarkable guy. i wish he liked me more. >> the bernstein note today on the paramount pro formas, i think, their title is, yuck. it widely misses consensus. 20% miss to consensus, actually. >> well, it depends. they're talking about pro forma adjusted operating income before depreciation and amortization of $3.4 billion in '25, going to $4.1 billion in '26. you do it off the '26, that number, you get a multiple that's in line or even below a bit a number of the competitors, but you're right. the back end and the question becoming after you tender your 48% of your bs, obviously, everybody would most likely go for the 15, you know, what is that going to look like in terms of a multiple? and some had been saying, well, it's still above that of warner bros. discovery, which is perhaps the great -- the single best peer you want to look at for evaluating. stock of which is down yet
and to your point, yeah, larry ellison's got one of the great fortunes in the world.acle stake, but it's well beyond that, obviously. he was a large shareholder in tesla. took a big position. >> remarkable guy. i wish he liked me more. >> the bernstein note today on the paramount pro formas, i think, their title is, yuck. it widely misses consensus. 20% miss to consensus, actually. >> well, it depends. they're talking about pro forma adjusted operating income before...
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Jul 8, 2024
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david ellison first got known to people because of his father larry ellison who was one of the richest people in the world thanks to the oracle. larry's two kids david and megan both got into hollywood around the same time producing movies. megan made art-house movies. people loved her because she was bankrolling these big filmmakers. financially, it was a ruinous plan. david went in the opposite direction where he made the big commercial movies and has worked with paramount for more than a decade because he is a financier and producer on "the mission impossible" movies and many of the biggest films and franchises at paramount and used his success with those early movies to build a larger enterprise, certainly not as big as paramount, but he makes television shows, animated movies, partnership with the nfl to make sports programming, video game business. sky dance is one of the larger independent studios out there. ed: the team did a good job going through the minutia of the deal because it is complicated. the numbers. it seems like a lot of cash has to be injected into paramount. i am
david ellison first got known to people because of his father larry ellison who was one of the richest people in the world thanks to the oracle. larry's two kids david and megan both got into hollywood around the same time producing movies. megan made art-house movies. people loved her because she was bankrolling these big filmmakers. financially, it was a ruinous plan. david went in the opposite direction where he made the big commercial movies and has worked with paramount for more than a...
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Jul 8, 2024
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david ellison, son of larry ellison, he's a big tech guy. new school. it will be fascinating to see how it turns out. >> "breakfast at tiffany's" and "the godfather." is there something more recent? >> i'm trying to underline the iconic movies. >> they're doing streaming. >> they're doing streaming. but there's a question because they've been knocked by wall street for investing a lot in streaming. one of the big questions is whether or not david ellison will look to pour money into that. >> what else does one do these days other than streaming? >> the question is who's watching? cy've cut down a little of my streaming. of course, nbc i always watch, but there's been a culle of others. >> it's interesting to see, david ellison, the younger generation, trying to get in. obviously the past week has been about biden and the world of finance. there's been threats to withhold money from the democratic party unless he leaves. what is the mood i a among the democratic donor class here? >> what's really interesting is what they're not saying. we spo
david ellison, son of larry ellison, he's a big tech guy. new school. it will be fascinating to see how it turns out. >> "breakfast at tiffany's" and "the godfather." is there something more recent? >> i'm trying to underline the iconic movies. >> they're doing streaming. >> they're doing streaming. but there's a question because they've been knocked by wall street for investing a lot in streaming. one of the big questions is whether or not david...
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Jul 5, 2024
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that takes me to oracle's stock price, because larry ellison's likely to be a lot of that money. >> sure hits $400 billion in market value, he owns 41.69%. at least that's the latest numbers i see, mike. >> yeah. >> and so, it will be interesting when we sort of all is said and done and that transaction does get put into contract, larry ellison may end up being by far not just the control shareholder, so to speak, because of his ownership, but very significant capital contributor to the deal. >> you wonder what it means for the economics of the business. if he chose to, he could fund a lot of losses. he could actually backstop that company to a fair degree to a level that, you know, wbd doesn't really seem like it could keep up with. >> that is true. >> who knows if that's part of the plan. >> $14 billion in debt. we need to remind people. a tiny little market cap of some $7.7 billion. people try to weigh, listen, when this thing closes, half your equity, you're going to be able to get a nice premium. >> and you bring up the capital markets, and we've seen some interesting deals this mor
that takes me to oracle's stock price, because larry ellison's likely to be a lot of that money. >> sure hits $400 billion in market value, he owns 41.69%. at least that's the latest numbers i see, mike. >> yeah. >> and so, it will be interesting when we sort of all is said and done and that transaction does get put into contract, larry ellison may end up being by far not just the control shareholder, so to speak, because of his ownership, but very significant capital...
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i think you know when people get to know david ellison, who is the head of skydance who is larry ellison'sjust lucky sperm kid. this kid really did bring this deal home at the end and you know, i'm getting this from multiple, multiple sources. we not only broke that story but we did break that it's jeff shell that will be running the shell. liz: former nbc-universal head. >> he is back. he was working for redbird. now he is back. another guy that deserves another shot. everybody i spoke to he made a mistake with something we don't have to get into. liz: he is very capable as an executive. >> he is nice guy basically. liz: i know him. >> he is a nice guy. he deserves another shot. he will get it. here are two headlines for your viewers that we want to throw out there, number one, jeff zucker works for redbird. he runs a private partnership. it is kind of a joint venture with the abu dhabi sovereign wealth fund. as of now he does not have a operating role. but he might. liz: cbs? you. >> never know. cbs, will it ever be for sale? what i'm told right now, no plans to sell it but they will sca
i think you know when people get to know david ellison, who is the head of skydance who is larry ellison'sjust lucky sperm kid. this kid really did bring this deal home at the end and you know, i'm getting this from multiple, multiple sources. we not only broke that story but we did break that it's jeff shell that will be running the shell. liz: former nbc-universal head. >> he is back. he was working for redbird. now he is back. another guy that deserves another shot. everybody i spoke...
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Jul 12, 2024
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, the son of oracle founder larry ellison, that they are bracing for significant shareholder lawsuits't tell you. one potential lawsuit, we should point out, could come from if mario gabelli. i spent some time with him a couple days ago, you know, talking about his options. he didn't mention lawsuits, but what he did say was that he's going to fight for transparency on the deal terms. he's launching something inside his company knowned as operation fish bowl -- known as operation fish bowl where he wants to see exactly how much money shari redstone made on this thing, the de facto other than of a paramount until this deal gets done. she has controlling shares through a holding company. a little complicated, but she basically was the other than. she's getting a good deal, something like $1.7 billion. he wants to know why she's getting so much money and the common share holders are getting very little. we should point out that the skydance, redbird people are saying you're getting a better balance sheet, we've got upside going forward, and gabelli could be convinced of that. at least th
, the son of oracle founder larry ellison, that they are bracing for significant shareholder lawsuits't tell you. one potential lawsuit, we should point out, could come from if mario gabelli. i spent some time with him a couple days ago, you know, talking about his options. he didn't mention lawsuits, but what he did say was that he's going to fight for transparency on the deal terms. he's launching something inside his company knowned as operation fish bowl -- known as operation fish bowl...
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Jul 8, 2024
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paramount is being acquired by david ellis and which is larry ellison, the kid, which is just weird to cause like paramount. is this big name. it's godfather, its top gun, its force got paramount sauces, cbs and mtv nickelodeon, which when we're kids, including rocked. so it's weird scene acquisition. for me, it's a little sad, james, because it feels like another american institution is being gobbled up there's just one fewer institution that we can back to and say, remember the good old days of seeing the paramount mountain on top of a start of a film those days are gone. yeah, i raiders of the lost ark. >> that paramount mountain and then it dissolved to reveal a real mountain where indian n% everybody else was trekking through the jungle. iconic iconic iconic. that's right. i'm all right. let's talk about our first official story air travel demand apparently high, but profits aren't following suit. what's going on here? yeah, it's you might remember last year we talked about the labor >> cost and we talked a lot about it with bill companies. but we also talked about how pilots were
paramount is being acquired by david ellis and which is larry ellison, the kid, which is just weird to cause like paramount. is this big name. it's godfather, its top gun, its force got paramount sauces, cbs and mtv nickelodeon, which when we're kids, including rocked. so it's weird scene acquisition. for me, it's a little sad, james, because it feels like another american institution is being gobbled up there's just one fewer institution that we can back to and say, remember the good old days...
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he's the son of oracle co-founder larry ellison. paramount is a movie studio behind the godfather.wns cbs and networks including mtv and nickelodeon. regulators have to review the deal, which could take months. now we're going to take a live look at what's happening at the new york stock exchange as trading gets underway on this monday, you can see that we are up about 224 points. >> target is making an official change to something that most of us stopped doing a long time ago. no shade. if you still do it, but starting on july 15th, you'll no longer be able to write checks to pay at target. the company says the change is being made because of extremely low volumes of check writing in recent years. now, target still does accept several forms of payment, including cash and all major credit and debit cards. >> this morning, abc seven is getting an exclusive first look at this year's bart holiday merchandise. it is christmas in july, people. bart first launched a holiday sweater in 2021, and its popularity has only grown over the past few years. >> it started with sweaters. now, this
he's the son of oracle co-founder larry ellison. paramount is a movie studio behind the godfather.wns cbs and networks including mtv and nickelodeon. regulators have to review the deal, which could take months. now we're going to take a live look at what's happening at the new york stock exchange as trading gets underway on this monday, you can see that we are up about 224 points. >> target is making an official change to something that most of us stopped doing a long time ago. no shade....
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that's the son of oracle co-founder larry ellison.. it also owns cbs and networks including mtv and nickelodeon. regulators have to review that deal, which could take months. john deere is laying off hundreds of employees across the country. the farm equipment company is cutting 600 workers and three factories by the end of august. it says the changes are being made because of reduced demand for the products at those facilities. that decline in demand comes as the number of farms has fallen. apparently there were about 1.9 million farms in the u.s. last year. that's down from just over 2,000,000 in 2017. >> target is making an official change to something most of us stopped doing a while back. starting july 15th, you'll no longer be able to write checks to pay at target. the company says the change is being made because of extremely low volumes of check writing in recent years. now, target will still accept several forms of payment, including cash and all major credit and debit cards. getting ammunition for a firearm is as easy as hea
that's the son of oracle co-founder larry ellison.. it also owns cbs and networks including mtv and nickelodeon. regulators have to review that deal, which could take months. john deere is laying off hundreds of employees across the country. the farm equipment company is cutting 600 workers and three factories by the end of august. it says the changes are being made because of reduced demand for the products at those facilities. that decline in demand comes as the number of farms has fallen....
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Jul 26, 2024
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the deep pockets that diller was talking about or larry ellison, we should point that out when he wasing going on in terms of the security situation, by the way, as well that you want to share? that seems to be -- >> i should say, as you know, you've discussed the arson attack that took place on the trains. that's going to have a an impact. euro starr has been delayed, folks trying to come in from london, that hasn't fully shut down but delayed. basketball getting to france where the basketball is taking place, requires the trains. that's delayed. we're going to see how quickly they're able to get those up and there's now probably more than a dozen snipers on the top there. the streets have been officially shut through this evening, which is running along the seine river, four miles long, something like 7,000 athletes crosses 24 bridges. this has never been done outside of an olympic stadium. we are all on high alert right now. >> are there more business leaders than usual? you go to the olympics every time. it feels like they're all there. >> there's no question. i think part of it i
the deep pockets that diller was talking about or larry ellison, we should point that out when he wasing going on in terms of the security situation, by the way, as well that you want to share? that seems to be -- >> i should say, as you know, you've discussed the arson attack that took place on the trains. that's going to have a an impact. euro starr has been delayed, folks trying to come in from london, that hasn't fully shut down but delayed. basketball getting to france where the...
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Jul 9, 2024
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ellison's father, larry emily son, significant capital contributor to that. >> every single sentencenment and tech, entertainment and tech. still when you look at the numbers, so much linear, david. >> i know. there's a lot of linear, not going in the right direction. you've got to at least course correct to a certain extent. >> the steph nap laos interview whether you repeatedly ask if he's lost his mind? >> it will not. i will not be asking that. >> it is a bet-the-firm kind of thing for redbird. >> all i can tell you is i don't understand why they would do this other than they have something to do with data set. >> they have a lot of confidence in their vision, they really do. in their ability to cut costs and create a growth engine. they do. we'll get more tomorrow. comcast shares are up one cent. we've got that going for us. >> there's actually reassuring data on time spent. peacock out of some boutique research themes looking at what olympics may do to viewing hours, we're just a couple weeks away. >> we mentioned disney, jim. they're announcing a ninth cruise ship which will l
ellison's father, larry emily son, significant capital contributor to that. >> every single sentencenment and tech, entertainment and tech. still when you look at the numbers, so much linear, david. >> i know. there's a lot of linear, not going in the right direction. you've got to at least course correct to a certain extent. >> the steph nap laos interview whether you repeatedly ask if he's lost his mind? >> it will not. i will not be asking that. >> it is a...