What would be wrong with Larry buying it? He doesn't own a media empire, and would be incentivized to compete. Larry buying it seems like it would have been better from a consumer perspective
Technically Skydance is led David Ellison, Larry's son.
Though, he's a trustfund kid and you can make a case that Larry owns it indirectly. (But if you want to make that case then it implies that Larry owns two media empires given his daughter Megan Ellison owns slightly less successful Skydance rival Annapurna.)