Oracle billionaire Larry Ellison will control Paramount after Skydance deal: filing

Tech billionaire Larry Ellison will control CBS parent Paramount Global after Skydance Media completes its purchase of the Redstone family’s interest in the film and TV company, according to a report.The Oracle co-founder will own 77.5% of National Amusements, Paramount’s controlling shareholder, through a trust and series of corporations, according to a filing with the US Federal Communications Commission, first cited Bloomberg News on Thursday.Skydance CEO and Larry’s son David will serve as Paramount’s c ...