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The Latest Breaking News from Larry Ellison

Bill Gates Overtaken By Larry Ellison In Billionaire Race Amid AI Boom

The surge in artificial intelligence (AI) has not only propelled Oracle Corp

Zenger

An ‘unbelievable deal’? The $200m mansion reportedly bought by Beyoncé and Jay Z

40,000 sq ft manor overlooking the Pacific Ocean in Malibu is thought to be California’s most expensive home ever

The Guardian - US

Elon Musk convinced pals Marc Andressen, Changpeng Zhao and Prince Al Waleed to invest in Twitter. They’re down 67%, according to a new Fidelity filing

Musk rallied arguably the most prestigious roster of technology superstars ever assembled for a single investment. It hasn't gone well so far.

Fortune

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Bill Gates: A.I. means 'you'll never go to a search site again'

The billionaire says whoever creates the best A.I.-powered personal assistant will dominate the market—and change our world.

Fortune

The Richest People in the World as 2024 Ends

Where the richest people in the world ended 2024, including Larry Ellison, Elon Musk and Warren Buffett.

Kiplinger

Befriending my former boss led to founding a multibillion-dollar business

Here's Evan Goldberg's advice for young workers on getting friendly with management.

Fortune

Before fearing ChatGPT, remember that Steve Jobs doubted the cloud, says NetSuite founder

Evan Goldberg, the man behind the world’s first cloud software company, Oracle NetSuite, has faith in humanity over robots.

Fortune

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Selling the Commanders: Dan Snyder’s Franchise Could Fetch Over $7 Billion

Here’s what could be next for owner Dan Snyder now that he has hired Bank of America to explore selling his franchise.

Sports Illustrated

Billionaires Have Growing Appetite for Real Estate As Market Slows

While the world’s wealthiest people earn their money in a variety of ways, many add to their fortunes through investing in real estate, which typically appreciates in value.

Benzinga

Ten things Elon Musk's texts reveal about the Twitter deal

A new trove of text messages between Elon Musk and Twitter Inc. executives, close friends, potential investors and Silicon Valley bros sheds light on how a $44 billion deal by the world’s richest person to buy the social media company came about — and ended up in court.

Tribune News Service

Texts released ahead of Twitter trial show Elon Musk assembling the deal

Elon Musk's takeover of Twitter went down via private text messages between the Tesla CEO and a small circle of Silicon Valley's rich and powerful, according to court filings released this week.

WEKU

Elon Musk Twitter Case Deposition Delayed, FTX US Goes Shopping, Spotify's Analyst Sees Audiobooks Immaterial: Top Financial Media Stories Tuesday, Sept. 27

Bloomberg

Benzinga

Oracle's Larry Ellison can win lawsuit even if he loses

Oracle Corp. Chairman Larry Ellison is slated to testify in a lawsuit in which a loss could still result in a windfall for the company he co-founded and holds a 40% stake in.

Tribune News Service

Who are the top five richest people in the world? Trump win boosts Elon Musk's fortune

The X owner has seen his shares and bank balance rocket after Donald Trump’s victory in the election

Evening Standard

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Benzinga

Why This Activist Investor Is Calling For Tesla To Be Investigated By SEC

SOC Investment Group asked the Securities and Exchange Commission Friday to investigate Tesla, Inc.

The Independent UK

Tom Cruise allegedly wrecked one of billionaire Larry Ellison’s cars while on his $300 million island

A hotel employee said they were suspended for mentioning that Cruise had been there

USA Today Sports Media Group

Phil Knight, Alan Smolinisky makes $2 billion-plus offer to purchase Blazers from Paul Allen’s trust

Adrian Wojnarowski: Nike founder Phil Knight and Dodgers co-owner Alan Smolinisky have made a $2 billion-plus written offer to purchase the Portland Trail Blazers, sources tell ESPN. Discussions are ongoing with the Paul Allen trust that's ...

The Independent UK

Billionaire Larry Ellison plotted with Trump aides on call about overturning election, report says

Unclear how long Oracle chairman’s involvement lasted

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Benzinga

Apollo Looks To Lead $1B Preferred Financing For Musk's Twitter Bid

Apollo Global Management, Inc (NYSE:APO) discussed leading preferred financing for Elon Musk's proposed buyout of Twitter Inc (NYSE:TWTR), Bloomberg reports. The funding, arranged by Morgan Stanley, will exceed $1 billion and may include Sixth Street Partners, among other firms. Musk recently bagged $7.1 billion in equity commitments from investors including Larry Ellison, Sequoia Capital, and Qatar. …

The Guardian - UK

Elon Musk’s takeover financing deal could clip Twitter’s wings

The Tesla tycoon’s complex bid for the social media platform will load the tech firm with debt

The Guardian - US

Florida pension fund sues Elon Musk and Twitter to stop buyout

The class-action lawsuit argues that the deal cannot close before 2025

Evening Standard

The world’s top 10 billionaires: Who are they, what is their net worths and how did they build their fortunes?

The rate of billionaires increases year on year, with the current number at 2,755 billionaires worldwide, according to Forbes magazine.

Benzinga

Elon Musk Linking Up Twitter Deal Funds With Larry Ellison, Others 'Smart And Strategic,' Says Analyst

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk’s move to shore up $7.1 billion in new financing from 19 investors including Oracle Corp (NYSE: ORCL) founder Larry E

Tribune News Service

Elon Musk secures $7.1 billion in new financing for Twitter

Elon Musk has secured about $7.1 billion of new financing commitments for his proposed $44 billion takeover of Twitter Inc., winning the backing of some of the world’s largest investors.

Benzinga

Tesla Chief Likely To Take Over As Temp Twitter CEO: CNBC

Tesla, Inc (NASDAQ:TSLA) chief Elon Musk will likely serve as Twitter, Inc's (NYSE:TWTR) temporary CEO for a few months post the $44 billion takeover closes, CNBC reports. As per sources to CNBC's David Faber, Musk recently led investor presentations offering financial projections based on his analysis of Twitter. Musk complained against Twitter's EBITDA margin…

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