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The Latest Breaking News from Larry Ellison

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

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.

Benzinga

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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

The Independent UK

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 ...

USA Today Sports Media Group

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

Unclear how long Oracle chairman’s involvement lasted

The Independent UK

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. …

Benzinga

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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 - UK

Florida pension fund sues Elon Musk and Twitter to stop buyout

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

The Guardian - US

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.

Evening Standard

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

Benzinga

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.

Tribune News Service

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…

Benzinga

Musk gets $7B backing for Twitter bid from tech heavyweights

Billionaire Elon Musk has strengthened the equity stake of his offer to buy Twitter with commitments of more than $7 billion from a range of investors, including Oracle co-founder and Tesla board member Larry Ellison

The Independent UK

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Evening Standard

Elon Musk raises $7 billion to fund Twitter takeover

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

Axios

Elon Musk raises $7 billion in new funding for Twitter buyout

The list contains a lot of big names, but each with relatively small dollar amounts.

InsideEVs

Tesla Top Shareholder Is Optimistic About 2022 Guidance

Tesla's third-largest shareholder behind Larry Ellison and Elon Musk says Tesla could shock skeptics by guiding for some 1.6 million EV deliveries in 2022.

Fortune

Fortune: Something's Rotten in Cupertino

As CEO Gil Amelio and an ineffectual board dithered, Apple Computer lost market share and faded into insignificance. Now Steve Jobs has returned, with a turnaround strategy that could make Apple his once again.

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