David Ellison will fully control Paramount Global when it merges with his company, Skydance Media, according to a new regulatory filing. According to the amended Federal Communications Commission f…
David Ellison will fully control Paramount Global when it merges with his company, Skydance Media , according to a new regulatory filing.
A prior version of the filing, which regards the transfer of broadcast licenses for nine television stations, showed Larry Ellison at the top of a chart detailing Paramount’s post-transaction ownership structure. Washington Post loses 250K — or 10% — of subscribers over decision not to endorse Harris: reportLarry Ellison is the main backer of Skydance and investor in the Paramount acquisition. As a result the family will control the majority — 77% — of the merged company.
He will also become the “sole manager” of the Ellison family entities , through which the Ellison family will own and control NAI and New Paramount.
Business Ellison Larry Ellison Mergers & Acquisitions Oracle Paramount Shari Redstone
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