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Story summary
- Larry Ellison and his family would owe $9.8 billion if Paramount Skydance Corp.’s purchase of Warner Bros. Discovery fails.
- Paramount agreed to a $7 billion termination fee and paid $2.8 billion to Netflix.
- The closing is delayed until June or after lawsuits by 12 states and the Writers Guild are resolved.
- Starting Oct. 1 Paramount must pay $650 million “ticking” fees that the Ellisons and partners would cover if the deal closes.
