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David Ellison, not Larry, to control family’s Paramount stake after deal

Movie producer David Ellison will control his family’s stake in Paramount Global once his Skydance Media completes its merger with the larger movie and TV company. The Ellisons and their partner RedBird Capital Partners are buying out the Redstone family’s National Amusements Inc., which owns the majority of the voting stock in Paramount. Hollywood Inc. Paramount, Skydance deal draws shareholder …

Paramount Larry Ellison David Ellison

Edgar Bronfman Jr. is leading an effort to buy Paramount Global, which already has a tentative deal with tech scion David Ellison. Former Seagram and Warner Music executive Edgar Bronfman Jr. continued his 11th-hour pursuit of Paramount Global, increasing his offer to $6 billion for the Redstone family’s investment firm and the historic studio, according to two people close to …

David Ellison is taking control of Paramount. Now the real work begins

Tech scion David Ellison faces a number of challenges to turn Paramount Global around now that he’s clinched control of the media company. The Skydance Media chief executive first made overtures last summer to Paramount’s nonexecutive chair, Shari Redstone, then spent months negotiating and renegotiating a deal acceptable to Redstone, Paramount’s board and the company’s shareholders. Last year, Paramount’s TV …

Tech scion David Ellison’s months-long quest to win control of Paramount Global crossed the finish line Sunday, in a deal that marks a new chapter for the long-struggling media company and parent of one of Hollywood’s oldest movie studios. Paramount Global board members on Sunday afternoon approved the bid by Ellison’s Skydance Media and its backers to buy the Redstone …

Shari Redstone pulled the plug on Paramount’s proposed sale to Skydance Media on Tuesday, deciding to hold on to her family’s treasures. For seven months, media mogul Shari Redstone agitated for Paramount Global’s leaders to embrace her plan to hand the storied media company to tech scion David Ellison. Hollywood Inc. Paramount Global sale collapses after Shari Redstone pulls support …

Paramount Global sale collapses after Shari Redstone pulls support for David Ellison deal

After months of high drama and boardroom tension, Paramount Global’s proposed sale to David Ellison’s Skydance Media collapsed Tuesday after failing to win approval from its onetime biggest supporter, controlling shareholder Shari Redstone. The Redstone family investment vehicle, National Amusements Inc., announced it had failed to reach “mutually acceptable terms” with Skydance for the clan’s controlling shares in the entertainment …

Skydance’s David Ellison nearing deal for Paramount after sweetened offer

David Ellison’s Skydance Media is close to clearing a major hurdle in its pursuit of Paramount Global. The Skydance proposal would give the Redstone family more than $2 billion for National Amusements, including money to pay off its debts, and its voting shares in Paramount. Hollywood Inc. David Ellison’s Skydance explores possible merger with Paramount through National Amusements Skydance Media …

David Ellison’s journey from trust fund kid to media mogul vying to buy Paramount

David Ellison’s Skydance Media is a strong contender to acquire Paramount Global in a deal that would give the 41-year-old control of the storied movie studio behind “The Godfather” and “Chinatown.” When David Ellison, the mega-rich aerobatic pilot and Ferrari-driving son of multibillionaire Oracle co-founder Larry Ellison landed in Hollywood, he was viewed as yet another trust fund scion with …

David Ellison’s Skydance explores possible merger with Paramount through National Amusements

Film producer David Ellison’s Skydance Media is exploring an all-cash deal to acquire National Amusements Inc., the company that controls Paramount Global, as part of a bid to merge the two entertainment businesses, according to people familiar with the matter who were not authorized to comment. Skydance would be willing to purchase a controlling stake in National Amusements from Shari …