SQL King Larry Ellison Becomes Sequel Sultan with Controlling Interest in Paramount Global

Oracle co-founder acquires major stake in entertainment giant

In a move that sent shockwaves through Hollywood and the tech world, Oracle co-founder and former CEO Larry Ellison has acquired a controlling interest in Paramount Global. The deal, which was announced on Monday, gives Ellison a majority stake in the media conglomerate, which owns a vast portfolio of entertainment assets including the Paramount Pictures film studio, the CBS television network, and the Showtime streaming service.

Ellison's interest in Paramount

Ellison, who is known for his aggressive business tactics and love of Hollywood, has long been interested in acquiring a major media company. In the past, he has been linked to potential deals for companies such as Yahoo, Time Warner, and Sony Pictures. The Paramount deal marks the first time that Ellison has successfully acquired a major entertainment asset.

Paramount's future

The acquisition of Paramount by Ellison is likely to have a major impact on the company's future. Ellison is a known advocate for digital distribution and streaming, and he is likely to push Paramount to focus more on these areas in the years to come. The deal could also lead to closer ties between Paramount and Oracle, which could benefit both companies.

Reaction to the deal

The deal has been met with mixed reactions from the media industry. Some analysts believe that Ellison's acquisition of Paramount is a positive development for the company, as he could bring new ideas and resources to the table. Others are more skeptical, arguing that Ellison is not a media executive and that he could make decisions that are not in the best interests of Paramount.

Key takeaways

• Larry Ellison has acquired a controlling interest in Paramount Global.
• Ellison is a known advocate for digital distribution and streaming.
• The deal is likely to have a major impact on Paramount's future.