David Ellison has made a preliminary offer to buy National Amusements, the holding company of the Redstone family, as a way to gain control of Paramount Global (PARA), Lucas Shaw and Christopher Palmeri of Bloomberg report, according to people familiar with the matter. Ellison also had discussions of merging his film and TV studio Skydance Media with Paramount after he takes control. According to the sources, both sides have hired advisers and are exchanging financial information. Ellison plans to finance the deal with help from investors from Skydance, including his father Larry Ellison, the co-founder of Oracle (ORCL), as well as private equity firms RedBird Capital and KKR & Co. (KKR).
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