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What will be the first major strategic move by Paramount Global after Larry Ellison takes control?
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Larry Ellison•Oracle•Paramount Global•David Ellison•Redstone•FCC•National Amusements•Paramount•Skydance Media•RedBird Capital•CBS•Bloomberg News
Resolution / Starting Odds
Acquisition of another company • 25%
New streaming service launch • 25%
Major restructuring • 25%
Other • 25%
Public announcements and news reports
Story
Larry Ellison to Control Paramount with 77.5% Stake in National Amusements After $8 Billion Deal
Sep 5, 2024, 05:35 PM
Larry Ellison, the software billionaire and Oracle co-founder, is set to control Paramount Global after a group led by his son David Ellison completes an $8 billion purchase of the Redstone family's interest in the company. According to a filing with the FCC, Larry Ellison will own 77.5% of National Amusements, Paramount's controlling shareholder, through a trust and series of corporations. David Ellison’s Skydance Media, along with RedBird Capital, will buy National Amusements for $2.4 billion. Paramount Global, the parent company of CBS, will be under Larry Ellison's control once the deal is finalized, Bloomberg News reports.
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Similar markets
CBS • 25%
MTV • 25%
Paramount Pictures • 25%
Other • 25%
Increased investment in streaming services • 25%
Expansion into new international markets • 25%
Focus on blockbuster movie productions • 25%
Diversification into new media formats • 25%
Edgar Bronfman Jr. • 25%
Skydance Media • 25%
Another Entity • 25%
No Change • 25%
Acquisition by Bronfman • 25%
Merger with Skydance • 25%
Acquisition by another party • 25%
No major corporate action • 25%
New CFO • 25%
New COO • 25%
New Head of Content • 25%
New Head of International Operations • 25%
Edgar Bronfman Jr. • 25%
Shari Redstone/National Amusements • 25%
Skydance Media • 25%
Other • 25%
Expansion into new markets • 25%
Introduction of new services • 25%
Layoffs or restructuring • 25%
Other • 25%
CBS • 25%
MTV • 25%
Paramount Pictures • 25%
Paramount+ • 25%
A cloud computing company • 25%
A cybersecurity company • 25%
A data analytics company • 25%
Other • 25%
David Ellison • 25%
Shari Redstone • 25%
Current CEO remains • 25%
Other • 25%