David Ellison is poised to become Paramount Global's new CEO, but his father, Larry Ellison, will be controlling owner of the company, according to a recent federal filing.

An F.C.C. filing shows that companies affiliated with Mr. Ellison will own most of the voting interest currently held by Shari Redstone.

Paramount Global, the parent of CBS, will be controlled by software billionaire Larry Ellison after a group led by his son David completes its purchase of the Redstone family’s interest in the film and TV company,

The Oracle founder is backing his son’s $8 billion proposal to buy out Shari Redstone’s controlling interest in Paramount Global.

The billionaire Oracle co-founder will own 77.5% of National Amusements, according to a regulatory filing with the FCC.

Documents filed with the FCC show that Larry Ellison, father of Skydance’s David Ellison, will take over the controlling interest from Shari Redstone. The do

(Reuters) -CBS parent Paramount Global will be controlled by software billionaire Larry Ellison after Skydance Media completes its purchase of the Redstone family's interest in the film and TV company,

Skydance and Paramount Global highlighted the impact that their proposed merger will have on CBS and local stations in a filing with the FCC that is part of initial steps to secure regulatory approval.

Paramount Global (NASDAQ:PARA) will be controlled by Larry Ellison, the billionaire co-founder of Oracle (ORCL), through a series of trusts and companies after a group led by his son David's firm Skydance Media takes over the Redstone empire.