Update
Larry Ellison Uses Stock Borrowing Instead of Selling
Oracle CEO Larry Ellison, who was planning to sell around $7.5 billion of Oracle shares to fund his son's acquisition of Warner Bros. Discovery, has instead decided to borrow against his stock holdings in Oracle, Tesla, SpaceX, and Paramount. Five banks are providing the loan: Citigroup, HSBC, JPMorgan, UBS, and BNP Paribas.