Larry Ellison Invests $6 Billion in Son David’s Paramount Takeover

The family office is funding the majority of the $8 billion merger with Skydance as RedBird Capital Partners makes up the remaining quarter

Oracle's Larry Ellison and executive producer David Ellison arrive at the LA premiere of "Star Trek Into Darkness" at The Dolby Theater on Tuesday, May 14, 2013 in Los Angeles. (Photo by Eric Charbonneau/Getty Images for The Hollywood Reporter)

Larry Ellison is providing the majority of the money for son David Ellison’s Skydance Media merger with Paramount, TheWrap has learned.

The founder of Oracle and his family are contributing $6 billion to the deal while private equity firm RedBird Capital Partners will contribute the remaining $2 billion.

According to Forbes, Larry is the fifth richest person in the world with a net worth of $180 billion.

RedBird founder Gerry Cardinale further stated this is his firm’s biggest investment to date.

David Ellison & Paramount
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Sharon Knolle

Sharon Knolle is an award-winning TV Reporter at TheWrap. She has covered entertainment news for more than 20 years for outlets including Moviefone, IMDb, USA Today, Variety, Us Weekly, Paste and the Sundance Institute. She can be reached at sharon.knolle@thewrap.com or on Twitter at @sknolle

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