Larry Ellison Will Control Paramount After Skydance Merger

Published On Sep 5, 2024, 5:20 PM

Larry Ellison will hold most of the voting power in the upcoming ownership structure of Paramount following an $8 billion bid by his son, David Ellison. This bid replaces Shari Redstone as the company’s primary shareholder, with Larry Ellison's Pinnacle Media set to control 77.5% of the voting interest. The changes were formally disclosed in a recent FCC filing, highlighting the potential influence of Larry Ellison over Paramount's strategic decisions despite David being the public face of the takeover.

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With Larry Ellison expected to hold substantial control over Paramount, there may be strategic shifts that could align the company more closely with Oracle's technology and media influence, potentially driving growth in Paramount's operations. Furthermore, increased consolidation in entertainment and media could bolster the value of Paramount's assets.

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