Reps for Skydance, National Amusements and Paramount Global declined to comment.
Ellison is mainly interested in the studio but Paramount wont sell its crown jewel alone.
Acquiring Redstones NAI stake would be cheaper than buying the entire company outright.
Skydance, Paramount, National AmusementsCourtesy
The idea is that Ellison would merge Skydance and Paramount and look to divest the companys other assets.
Watch on Deadline
Warner Bros. Ellisons backers would including his father, billionaire Oracle co-founder Larry Ellison.
The Ellison family are Skydances majority shareholders.
The move to go through National Amusements has been controversial with some investors of Paramount Global.
