Communications services companies fell as the Paramount Global deal saga continued.
Shares of the Hollywood studio fell by more than 6% after Shari Redstone's National Amusements, which controls the company, reportedly decided to stop negotiations with Skydance Media -- the Larry Ellison affiliated studio that struck a tentative deal to buy out Paramount.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
06-11-24 1811ET
Lawrence Joseph Ellison is an entrepreneur who founded Oracle Corp., NetSuite, Inc., Tako Ventures LLC and Oracle Systems Corp. Currently, Mr. Ellison occupies the position of Chairman & Chief Technology Officer at Oracle Corp. Mr. Ellison is also on the board of Knowledge Universe, Inc., Tesla, Inc. and Dian Fossey Gorilla Fund International, Inc.
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| ORACLE CORPORATION | Founder |
Tako Ventures LLC
 Tako Ventures LLC Investment ManagersFinance Tako Ventures LLC (Tako Ventures) is a venture capital subsidiary of Lawrence Investments LLC founded in 1996 by Lawrence Joseph Ellison. The firm is headquartered in Walnut Creek, California. | Founder |
