Larry Ellison's son acquires Paramount Global, with Ellison to hold 77.5% stake in National Amusements in an $8B deal.

Larry Ellison, co-founder of Oracle, is set to gain control of Paramount Global following an acquisition led by his son, David Ellison, and RedBird Capital Partners. The deal, valued at over $8 billion, involves purchasing the Redstone family's stake in National Amusements. Larry Ellison will hold a 77.5% interest in National Amusements, while David Ellison will serve as chairman and CEO of the merged company.

September 05, 2024
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