Larry Ellison will gain control of Paramount Global following an $8 billion acquisition led by his son, David Ellison.
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00:00An update on the Paramount Skydance saga, Larry Ellison will gain control of Paramount Global
00:06following an $8 billion acquisition led by his son, David Ellison.
00:11The deal involves buying the Redstone family's national amusements
00:15as well as interest in Paramount and CBS.
00:18According to a regulatory filing with the FCC,
00:21Oracle co-founder Larry Ellison will hold 77.5% of national amusements.