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Shareholder Sues Oracle's Ellison Over $110B Warner Bros Discovery Deal, Alleges Illegal Trump Agreement

2026-07-16 14:19:30

ORCL-6.28%

WBD0.05%

A shareholder sued Oracle founder Larry Ellison, his son David Ellison, and other Paramount Skydance board members recently to block a $110 billion acquisition of Warner Bros Discovery (WBD). The lawsuit alleges the Ellisons and board made an illegal deal with U.S. President Donald Trump, offering "illegal private benefits" to eliminate federal regulatory obstacles to the transaction.

The plaintiff's complaint references potential commitments including possible termination of CNN news anchors as part of the alleged agreement to secure regulatory approval.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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