What that evolution looks like remains to be determined. For now, the company will take a breather on acquisitions — bothwere Cannes pickups — and is not planning to buy anything at the upcoming Toronto market.
The source adds that Ellison's father, Oracle founder Larry Ellison, used the threat of bankruptcy in order to negotiate a favorable 82 cents on the dollar payback deal with Annapurna's lenders. "The bankruptcy option made the banks take him seriously," says the source.
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