The Ellison infotainment empire financed by father Larry and nominally helmed by son David, may have peaked with the shareholder approval of Paramount-Skydance’s purchase of WBD (Warner Bros Discovery).

UPDATE: Paramount-Skydance reveals merged entity with WBD will have 49.5% foreign ownership . This is huge. Will have more on this for The MMA Draw tomorrow .

Seeking Alpha has more :

Following Paramount Skydance’s (PSKY) acquisition of Warner Bros. Discovery (WBD), the combined company will be nearly half owned by non-U.S. investors, an issue downplayed by the media conglomerate and flagged by rival Netflix (NFLX) when the two were engaged in a bidding war.

According to a filing with the Federal Communications Commission, Paramount (PSKY) said that the acquisition of Warner Bros.…