Oracle (ORCL) Stock Dips Amid Skydance Media Cloud Deal Talks

Author's Avatar
3 days ago
Article's Main Image

Oracle (ORCL, Financial) shares fell over 3% following reports of ongoing negotiations with Skydance Media for a $100 million annual cloud software agreement. The deal's effectiveness is contingent upon Skydance's successful acquisition of Paramount Global (PARA).

If finalized, Oracle could become the primary cloud service provider for the merged entity, potentially leading to significant cost savings for Paramount.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.