Paramount Global, the parent of CBS, will be controlled by software billionaire Larry Ellison after a group led by his son, David, completes its...
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Oracle founder Larry Ellison will become the largest shareholder of Paramount Global after it is taken over by Skydance led by his son David Ellison. Larry Ellison holds 77.5% of Paramount Global shares while the remaining 22.5% is held by RedBird Capital.Paramount Global has been trying to sell since late last year with Skydance showing interest in a merger. Larry Ellison's involvement in taking over Paramount was only revealed in a filing submitted to the FCC for approval before the purchase could go ahead. If the go-ahead is granted, Skydance and Paramount Global will merge in early 2025.Previously we also reported that Sony and Warner Brothers Discovery were also interested in merging with Paramount but it seems that they did not proceed. In addition to taking over Paramount's film and TV studios, Skydance will also take over 28 TV stations under CBS.
Paramount Global, the parent of CBS, will be controlled by software billionaire Larry Ellison after a group led by his son, David, completes its...
An F.C.C. filing shows that companies affiliated with Mr. Ellison will own most of the voting interest currently held by Shari Redstone.
An F.C.C. filing shows that companies affiliated with Mr. Ellison will own most of the voting interest currently held by Shari Redstone.
Paramount Global, the parent of US broadcaster CBS, will soon be controlled by software billionaire Larry Ellison.
Paramount Global, the parent of US broadcaster CBS, will soon be controlled by software billionaire Larry Ellison.
EXCLUSIVE: Paramount’s advertising division is the latest unit to be hit by layoffs. Deadline understands that layoffs began across Paramount...
EXCLUSIVE: Paramount’s advertising division is the latest unit to be hit by layoffs. Deadline understands that layoffs began across Paramount...
The Mineral Resources share price car crash continued on Friday, taking the paper losses of its maverick founder Chris Ellison past $1 billion in the...
The Mineral Resources share price car crash continued on Friday, taking the paper losses of its maverick founder Chris Ellison past $1 billion in the...
Danish logistics company DSV has announced acquiring freight carrier DB Schenker from German rail company Deutsche Bahn for 14.3 billion euros. The...