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I’m beginning to think the only logical explanation for all the recent sturm und drang from Paramount Skydance is that Larry Ellison must have told his son David that he’s momentarily tapped out. Perhaps the world’s fifth-richest man, with a fortune currently estimated at around $245 billion, has had the hard conversation with his beloved progeny that the $40 billion in equity he has so far underwritten to acquire Warner Bros. Discovery is all he’s willing to do—for now, at least.