“There's $40 billion in backstop of the Warner Brothers deal ... a third of his shares ... made available as collateral for him to use for personal reasons.”
♫
Said on Channels with Peter Kafka
“He offers the shares up as collateral, which appears to be how he usually does business… he pulled back the share dump and is doing another margin loan”
Larry Ellison · Better Offline · The Mind of Larry Ellison w/ Tom Dotan
Play from 19:44
19:44
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
uses Oracle shares as collateral to obtain margin loans that fund his personal lifestyle and projects
at least $21 billion in personal loans; attempted share dump of $7-9 billion then re-pulled
Said nearby on the same subject
“His ability to finance these multi-billion dollar media consolidations are at least to some degree, margin loans on his Oracle holdings ... he had to do a $40 billion backstop”
♫
Said on TBPN
“Pick one personal project in each of those… A personal project can be as quick as 15 minutes or take several years.”
♫
Said on Retire With Purpose - The Retirement Podcast
“You can obtain a common fund order at the outset … Court of Appeal … high court … granted a common fund order at the outset.”
NZ
New Zealand courts
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