Larry Ellison, the founder and CTO of Oracle, now holds a controlling interest in Paramount Global, a media company that faces significant challenges in the industry.
The Redstone family, Paramount Global's previous majority owners, have agreed to a merger with Skydance Media, facilitated by funding from Larry Ellison.
Ellison's son, David, has found success in the media industry with Skydance Media, focusing on sequels to popular franchises to engage audiences.
Despite his significant contribution to the deal, Larry Ellison's involvement with Skydance is minimal, indicating a separation from his son's company.
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