Skydance Media, Paramount and FCC
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Unfortunately, it is the American public who will ultimately pay the price for its actions." Skydance, backed by the son of Trump ally and Oracle co-founder Larry Ellison, has agreed to have an ombudsman for at least two years to evaluate bias complaints ...
Skydance, which is acquiring Paramount Global in an $8 billion merger, was founded by Oracle Chairman Larry Ellison's son.
The merger clears the way for an $8.4 billion sale of some of the most prominent names in entertainment, including CBS, Paramount, and Nickelodeon.
Oracle is currently in discussions with Skydance Media to reach a major software deal following the closing of the latter's pending $8 billion merger with Paramount Global, according to Bloomberg. The outlet reported that the agreement,
Skydance Media, run by David Ellisonthe son of Oracle founder Larry Ellisonalready spends around $2.2 million annually on Oracle's cloud services. But with the Paramount deal in motion and backed by Larry Ellison,
Skydance needs FCC approval in order to take over Paramount. It’s now promising to root out “bias” at CBS News in order to get it.