FCC updates merger filing: Ellison gains full control of Paramount voting interests by 2025.

The FCC has updated the merger filing for Skydance Media and Paramount Global, revealing that CEO David Ellison will gain complete control of his family's voting interests in Paramount upon the merger's completion in early 2025. This arrangement allows Ellison, not his father Larry, to manage the family's stake, as they partner with RedBird Capital to acquire National Amusements Inc., which controls Paramount's majority voting stock.

October 29, 2024
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