Larry Ellison: Last News

Matt Donnelly Senior Film Writer Less than 24 hours after sealing an agreement to buy Paramount Global, David Ellison moved into mogul mode for the first time on Monday morning, addressing investors and, later, a gaggle of media reporters to discuss his milestone Skydance-Paramount Global deal. As Chairman and CEO of the enlarged Paramount, Ellison will now occupy a space he hasn’t before: sitting at the levers of power for a multinational company behind content production and distribution, news, sports and gaming.

Todd Spangler NY Digital Editor Is Skydance Media the forward-looking entity that Paramount Global needs right now to save the company? Ending months of M&A drama, Paramount Global and Skydance Media, David Ellison’s smaller media and production company, on Sunday announced a two-part transaction that will result in Skydance buying out Shari Redstone’s National Amusements Inc. and then merging with Paramount — to form what the Skydance team for now is calling “New Paramount.” About $6 billion of the money to fund the deal is coming from the family of Oracle founder Larry Ellison (David’s father), with about $2 billion from Gerry Cardinale’s RedBird Capital Partners private-equity investment firm.

As news of Skydance Media‘s merger with Paramount Global sank in across the media business, top execs from Skydance and chief backer RedBird Capital lifted the veil on negotiations, streaming plans, their regulatory outlook, Larry Ellison’s role and a host of other topics.

This just in tonight from Skydance Boss David Ellison as Paramount Global controlling shareholder Shari Redstone says “No” to Skydance’s offer to buy National Amusements. The Top Gun: Maverick and Geostorm producer has acknowledged to staff that Skydance’s bid to merge with Paramount has ended.

After months of negotiations, Paramount‘s controlling shareholder Shari Redstone has broken off merger talks with David Ellison‘s Skydance.

Todd Spangler NY Digital Editor After more than six months of on-again-off-again talks, Shari Redstone has ended negotiations with David Ellison‘s Skydance Media about a prospective merger with Paramount Global. Redstone is Paramount Global’s controlling shareholder through National Amusements Inc., which owns 77% of the voting shares in Paramount.

Shares of Paramount Global edged lower Thursday, day three in the red, amid lingering uncertainty around Skydance’s latest offer. With bigger than anticipated sweeteners for Class B shareholders, it was approved by Par’s special board committee and sent on to controlling shareholder Shari Redstone but with no announcement forthcoming.

The clock is ticking down to midnight, the end of a month-long exclusive negotiating window between Paramount Global and Skydance Media. The David Ellison company has been circling Paramount for months and lobbed several offers to buy out Shari Redstone‘s controlling stake, backed by Oracle co-founder Larry Ellison and Gerry Cardinale’s RedBird Capital.

Partners Sony and Apollo have formally reached out to Paramount‘s special board committee asking to discuss a potential $26 billion offer, Deadline has learned. It comes as Par’s exclusive negotiating window with David Ellison‘s Skydance is set to expire.

Confusion and anxiety reigned at a CBS-Politico joint party today ahead of the annual White House Correspondents’ Dinner, with staffers shocked at news that Bob Bakish, CEO of parent Paramount Global, is set to exit abruptly as early as Monday morning.

Skydance and Paramount are deep into hashing out a complicated deal that would see the David Ellison’s studio and its backers take control of the storied film and television company owned by Shari Redstone. The exclusive month-long negotiating period through May 3 is likely to be extended perhaps by a few weeks, Deadline hears, given the complexity of the transaction.

American superstar singer, Taylor Swift, has joined the billionaire club. The 34-year-old's earnings have surpassed $1.1 billion dollars (£875 million), thanks to her successful 'Eras Tour' and her well-regarded music assortment, Forbes magazine reports.

EXCLUSIVE: We are hearing that Apollo Global Management, who was mulling an offer for National Amusements, the Redstone family company that controls Paramount Global, is no longer considering that now.

David Ellison’s Skydance is said to have made a preliminary offer to buy Shari Redstone’s stake in National Amusements, the family holding company that controls Paramount Global, according to a Bloomberg report.

Even though Tom Cruise inked a non-exclusive pact at Warner Bros earlier this week, it looks like he’ll continue to be busy with Paramount for some time. Reports tonight are that Top Gun 3 is in development at Paramount with Top Gun:Maverick co-writer Ehren Kruger currently writing a draft.

A new scenario has surfaced in the ever-swirling speculation about Paramount Global’s fate.

Ritzy Charters have revealed a list of the 10 most expensive yachts afloat — and the top three are worth a whopping $1.29 billion combined, exceeding the GDP of some smaller countries.“Luxury yachts are more than just a symbol of wealth; they not only provide incredibly gorgeous views but a level of privacy to those onboard who want a sense of relaxation that you can’t get from anywhere other than chartering across oceans,” a spokesperson for the company said in a statement.Riding high at the top of the list is media magnate David Geffen’s The Rising Sun, worth a jaw-dropping $590 million.Originally owned by tech mogul Larry Ellison, the superyacht cost an estimated $200 million to build back in 2004. The classy craft measures more than 452 feet long and features a basketball court, a helicopter landing pad and a wine cellar — even a movie theater.Boldfacers who’ve accepted invitations to sail on the elite vessel include Oprah, Stephen Spielberg, Barack Obama and Julia Roberts.Geffen purchased the vessel — which holds 18 guests and 55 crew members in its 82 rooms — in 2010.Second on the list is the Koru, owned by none other than Amazon founder Jeff Bezos.The behemoth, triple-masted yacht — reportedly worth an impressive $500 million — is the largest billionaire yacht that can venture into the high seas by sail power only.Hosting celebs like Orlando Bloom and Katy Perry, Koru features a pool, hot tub, bars, multiple dining spaces and a masthead modeled after the mogul’s fiancee, Lauren Sanchez.

Ritzy Charters have revealed a list of the 10 most expensive yachts afloat — and the top three are worth a whopping $1.29 billion combined, exceeding the GDP of some smaller countries.“Luxury yachts are more than just a symbol of wealth; they not only provide incredibly gorgeous views but a level of privacy to those onboard who want a sense of relaxation that you can’t get from anywhere other than chartering across oceans,” a spokesperson for the company said in a statement.Number one on the list is media magnate David Geffen’s The Rising Sun, worth a jaw-dropping $590 million.Originally owned by tech mogul Larry Ellison, the superyacht cost an estimated $200 million to build back in 2004.

Jeff Bezos’ $500 billion superyacht was making headling all summer and became a special place for Bezos and his fiance, Lauren Sanchez,. The colossal 417-foot Y721 sailing yacht, named the Koru, is known as the largest sailing yacht worldwide.

Amazon Executive Chairman Jeff Bezos and fiancee Lauren Sánchez, vice chair of the Bezos Earth Fund, are establishing a $100 million fund to “help Maui get back on its feet now and over the coming years.”

Todd Spangler NY Digital EditorElon Musk said three issues still need to be resolved before his planned $44 billion acquisition of Twitter, originally announced in April, can close.Musk, speaking via teleconference Tuesday at Bloomberg’s Qatar Economic Forum, said that he still hasn’t gotten clarity about Twitter’s claim that the fake and spam accounts comprise less than 5% of active users, “which I think is probably not most people’s experience when using Twitter. So we are still awaiting resolution on that matter.