Larry Ellison Secures Majority Control of Paramount in $8 Billion Skydance Deal

The Oracle co-founder will hold 77.5% of National Amusements, with his son David Ellison set to lead the new entity.

Larry Ellison's Pinnacle Media will control 77.5% of National Amusements, Paramount's controlling shareholder.
David Ellison will serve as chairman and CEO of the merged Skydance-Paramount entity.
The deal includes a $6 billion investment to acquire Paramount shares and reduce its debt.
Shari Redstone will receive around $530 million in severance and sale proceeds.
The merger aims to revitalize CBS and its local stations with significant new investments.