Skydance, Paramount
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NEW YORK] Oracle is in discussions with Skydance Media for a major software deal once the media company’s acquisition of Paramount Global is complete. Read more at The Business Times.
Skydance, which is acquiring Paramount Global in an $8 billion merger, was founded by Oracle Chairman Larry Ellison's son.
Bari Weiss has been shopping her start-up news outlet The Free Press for as much as $250 million, according to a report. Weiss, who quit the New York Times opinion page over its woke policies and
The cloud deal with Skydance-Paramount comes shortly after Oracle announced a new round of spending in Europe. The company said it plans to invest US$3 billion over the next five years to expand its data centre capacity in Germany and the Netherlands. Oracle has earmarked US$2 billion for Germany and US$1 billion for Dutch operations.
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.