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It should not surprise you that Larry Ellison is about to own Paramount.
While his son, David Ellison, will be CEO and is the one with the real passion for running a major media company, film studio, streaming service, and a number of broadcast channels, David could not afford Paramount on his own.
And as was quickly confirmed with a FCC filing, it’s his dad, Oracle founder Larry Ellison, who is footing the bill and will ultimately own the company.
Larry Ellison Will Control Paramount After Merger
[The New York Times]
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