On October 7, local time, public documents show that David Ellison and his family invested about 17 billion US dollars to complete Paramount Tiandance's acquisition of Warner Bros. Discovery. According to filing documents, David Ellison, son of Larry Ellison, the co-founder of Oracle, and his family subscribed for about 1.4 billion shares in this stock offering, and the subscription price disclosed by the company was 12 US dollars per share. The Ellison Family holds the largest share in the new company Skydance. The Ellison Family and RedBird Capital Partners jointly hold all of Paramount's Class A common shares, including 100% of the merged company's voting shares.

On October 7, local time, public documents show that David Ellison and his family invested about 17 billion US dollars to complete Paramount Tiandance's acquisition of Warner Bros. Discovery. According to filing documents, David Ellison, son of Larry Ellison, the co-founder of Oracle, and his family subscribed for about 1.4 billion shares in this stock offering, and the subscription price disclosed by the company was 12 US dollars per share. The Ellison Family holds the largest share in the new company Skydance. The Ellison Family and RedBird Capital Partners jointly hold all of Paramount's Class A common shares, including 100% of the merged company's voting shares.