"A deal was also reached on a 'certain' company that young people in our Country very much wanted to save," he wrote. "They will be very happy."
"still on the table."
"Any inkling of Ellison within the TikTok deal would be yet another major media move for the magnate, who with his son, David, recently pulled off an $8 billion merger with Paramount, putting him in ownership of the likes of MTV, Nickelodeon, and CBS News. That latter media property is a concern for some: The newly christened Paramount Skydance is reportedly in negotiations with Bari Weiss, founder of The Free Press, to become either editor-in-chief or copresident of CBS News."
President Donald Trump said negotiations with China in Madrid went well and hinted that a deal was reached regarding TikTok, saying young people would be happy. The likely arrangement could involve Oracle, whose stock surge made cofounder Larry Ellison briefly the world's richest person. Oracle had been a preferred buyer despite ByteDance denying plans to sell, and Trump said an offer from Oracle remained 'still on the table.' Ellison and his son recently merged with Paramount to form Paramount Skydance, gaining MTV, Nickelodeon, and CBS News. Paramount Skydance is reportedly negotiating with Bari Weiss and may pursue a more than $70 billion acquisition of Warner Bros. Discovery.
Read at Fast Company
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