CHATTER AWAY: Overnight Open Thread

Variety reports:

Larry Ellison, the megabillionaire founder of Oracle, will be the majority shareholder of National Amusements Inc., the company that controls Paramount Global, after the expected closing of the deal with Skydance Media — led by his son, David Ellison — next year, according to a regulatory filing.

Larry Ellison will own 77.5% of National Amusements through Pinnacle Media, a group of three ventures formed “as special-purpose vehicles to hold the Ellison family’s interest in NAI and Paramount,” according to an FCC filing.

Read the full article.

Paramount will be controlled by software billionaire Larry Ellison after a group led by his son David completes its purchase of the Redstone family’s interest in the company https://t.co/L7W3jnkNQz

— Bloomberg (@business) September 5, 2024