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David Ellison – Not Larry – Will Hold 100% Of Family Interest In Paramount When Skydance Deal Closes
An amended FCC filing by Skydance today says that David Ellison will hold 100% of the Ellison family’s interest in Paramount one that deal closes, an attempt to allay concern that control will his father, Oracle co-founder and CEO, Larry Ellison.
The clarification comes amid possible concerns over control residing with his father, Oracle co-founder and CEO, Larry Ellison. Skydance with partner RedBird Capital cemented a merger agreement with Shari Redstone in August and the deal is expected to close in the first haf of next year. Larry Ellison is the main backer of Skydance and investor in the Paramount acquisition and the family will control the majority of the merged company.
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