Oracle is currently in discussions with Skydance Media to reach a major software deal following the closing of the latter's pending $8 billion merger with Paramount Global, according to Bloomberg. The outlet reported that the agreement,

Oracle Corp is in negotiations with Skydance Media for a significant software deal, potentially worth $100 million, contingent on Skydance's acquisition of Paramount Global. Bloomberg reports that these discussions focus on enhancing cloud services once the acquisition is finalized.

The cloud deal with Skydance-Paramount comes shortly after Oracle announced a new round of spending in Europe. The company said it plans to invest US$3 billion over the next five years to expand its data centre capacity in Germany and the Netherlands. Oracle has earmarked US$2 billion for Germany and US$1 billion for Dutch operations.

Oracle is reportedly in discussions with Skydance Media for a cloud computing and software deal worth up to $100 million per year following Skydance's acquisition of Paramount Global. Skydance Media was founded by Oracle founder and CTO Larry Ellison's son, David Ellison.

Skydance Media CEO David Ellison, son of Oracle billionaire Larry Ellison, is set to take over Paramount Global in the first half of 2025. The Hollywood Reporter via Getty Images

Skydance, which is acquiring Paramount Global in an $8 billion merger, was founded by Oracle Chairman Larry Ellison's son.

NEW YORK] Oracle is in discussions with Skydance Media for a major software deal once the media company’s acquisition of Paramount Global is complete. Read more at The Business Times.

Skydance is led by David Ellison, son of Oracle co-founder Larry Ellison, and is seeking to buy National Amusements which directly or indirectly owns about 77% of Paramount’s voting class stock.

Following Skydance's acquisition of Paramount, the potential agreement will enable Paramount and its subsidiaries to utilise Oracle's cloud software.

Skydance needs FCC approval in order to take over Paramount. It’s now promising to root out “bias” at CBS News in order to get it.