LARRY ELLISON’S PARAMOUNT TAKEOVER: A SHIFT IN MEDIA POWER
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Larry Ellison, the billionaire co-founder of Oracle and one of the richest individuals in the world, is set to gain significant control over Paramount Global following a merger led by his son, David Ellison. This $8 billion deal involves the acquisition of Paramount’s controlling shares, marking a major shift in ownership from the Redstone family to the Ellisons, backed by RedBird Capital Partners.