Oracle Eyes $100 Million Cloud Deal Amid Skydance's Paramount Acquisition

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.

Oracle Corporation is reportedly in talks with Skydance Media for a major software deal. According to Bloomberg, the deal hinges on Skydance's ongoing acquisition of Paramount Global. Once finalized, Oracle aims to secure a $100 million agreement focusing on cloud services.

This potential deal underscores Oracle's strategic initiative to expand its cloud offerings, capitalizing on Skydance's growing media and entertainment reach. The negotiations signal a significant collaboration in the software industry's landscape.

Industry insiders suggest that this move by Oracle could enhance its competitive edge, positioning it as a key player in media cloud solutions. The outcome of these discussions could set a precedent for future tech-media partnerships.

(With inputs from agencies.)