Skydance, Paramount and FCC
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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, which is acquiring Paramount Global in an $8 billion merger, was founded by Oracle Chairman Larry Ellison's son.
Oracle Corp is in negotiations with Skydance Media for a significant software deal, potentially worth $100 million, contingent on Skydance's acquisition of Paramount Global. Bloomberg reports that these discussions focus on enhancing cloud services once the acquisition is finalized.
The $8 billion deal's green light comes after CBS reached a $16 million settlement with Donald Trump over his lawsuit against "60 Minutes"
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.