David Ellison Closes In on Hollywood Prize: Paramount Global
- Producer, tech heir has a month to seal a definitive agreement
- He needs to sell Paramount’s board on merger with his company
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David Ellison, movie producer, tennis fanatic and heir to a technology fortune, is on the verge of adding another title: media mogul.
Ellison is in negotiations to take charge of Paramount Global, the media giant that owns CBS, MTV and Nickelodeon. He and his backers have agreed to pay a little more than $2 billion for Shari Redstone’s National Amusements, the family company that controls Paramount.