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David Ellison Will Hold 100% Of Family Interest In Paramount When Skydance Deal Closes

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29.10.2024 - 21:49

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deadline.com

deadline.com:

An amended FCC filing by Skydance today says that David Ellison will hold 100% of the Ellison family’s voting interest in Paramount once that deal closes.

The clarification comes amid possible concerns over control residing with his father, Oracle co-founder and CEO, Larry Ellison.

A previous version of the filing, which regards the transfer broadcast licenses for nine television stations, showed Lawrence J.

Ellison at the top of a chart showing Paramount’s post-transaction ownership structure. 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.

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