Larry Ellison Risk Widens as Paramount And Oracle Take on More Debt
6 Articles
6 Articles
Larry Ellison Risk Exposed by Paramount and Oracle Debt Binges
Larry Ellison Risk Widens as Paramount And Oracle Take on More Debt
As Paramount Skydance Corp. and Oracle Corp. vault into the ranks of corporate America's biggest borrowers, their links to the same man — billionaire Larry Ellison — are starting to stir concern on Wall Street.
Wall Street is beginning to monitor a risk that so far seemed unthinkable: that Larry Ellison's estate, used as a backup around Paramount, is under pressure precisely when Oracle multiplies its debt to finance the artificial intelligence race.
Market concerns as the cost of insuring the debt of both companies against bankruptcy has converged and is moving increasingly in parallel.
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