Paramount CEO David Ellison said his company has filed a suit against Warner Bros Discovery (WBD) seeking greater financial disclosure of the Netflix deal. Additionally, Ellison said his company plans to nominate its own slate of directors for WBD’s board who they believe would vote against the deal with Netflix. WBD’s board rejected Paramount’s latest […]

David Ellison’s father, the Oracle founder Larry Ellison, has agreed to personally backstop the $40.4 billion (€34.3bn) in equity financing connected to the deal, and has agreed not to revoke the Ellison family trust or adversely transfer assets in the trust while any deal is pending. “Paramount has repeatedly demonstrated its commitment to acquiring WBD. […]

Documents filed with the FCC show that Larry Ellison, father of Skydance’s David Ellison, will take over the controlling interest from Shari Redstone. The document, obtained by The New York Times, lists Oracle founder Larry Ellison at the top of an organisational chart of the companies that will acquire the majority of Paramount’s voting interest […]

Skydance Media and Paramount Global have entered into a definitive agreement to form ‘New Paramount’ – a next-generation media and technology leader, through a two-step transaction including the acquisition of National Amusements Inc (NAI), which holds the controlling share stake in Paramount, and subsequently a merger of Skydance and Paramount Global. The transaction combines the […]