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Market
Will Paramount Global stock increase by 20% or more within six months after the deal is finalized?
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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
Yes • 50%
No • 50%
Stock market data from financial platforms like Yahoo Finance or Bloomberg
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
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Increase by more than 10% • 25%
Increase by less than 10% • 25%
Decrease by less than 10% • 25%
Decrease by more than 10% • 25%
Increase by more than 10% • 33%
Change within ±10% • 34%
Decrease by more than 10% • 33%
Bronfman's bid accepted • 25%
Skydance merger proceeds • 25%
New bid from another party • 25%
No acquisition or merger • 25%
Acquisition by Bronfman • 25%
Merger with Skydance • 25%
Acquisition by another party • 25%
No major corporate action • 25%
Increase by more than 5% • 33%
Increase by less than 5% • 33%
Decrease • 33%