Skydance Media CEO David Ellison has made a preliminary proposal to buy the Redstone family's holding company, National Amusements, as a way to take control of Paramount Global. Bloomberg News reported Wednesday.
After Ellison, the son of Oracle founder Larry Ellison, assumed control, he discussed merging with Paramount and Skydance Media, the newspaper reported, citing people familiar with the matter. The report added that both sides employ advisors and exchange financial information.
National Amusements and Ellison declined to comment. Paramount did not respond to Reuters' request for comment.
Reuters reported earlier this month that Ellison was considering an all-cash bid for National Amusements.
