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The Latest Breaking News from Larry Ellison

Oracle reportedly set to axe thousands of jobs and freeze hiring as AI data center bets ignite financial perfect storm — cuts in cloud division to be backfilled with AI

Oracle reportedly set to axe thousands of jobs, could freeze hiring for cloud division

Tom’s Hardware

Netflix Has Been Vilified By Hollywood For A While, But There Are Signs That's Changing

The times, they are a-changing

Cinemablend

US government reportedly debating whether to force Tencent to give up its US-based game holdings

The process began during the first Trump administration, and is apparently now picking up steam.

PC Gamer

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Paramount acquires Warner Bros Discovery in mega deal: the winners, losers and Trump’s man in the middle

Netflix’s planned acquisition of Hollywood studio Warner Bros Discovery (WBD) has fallen apart at the eleventh hour, as Paramount Skydance has made a “superior” proposal to buy the conglomerate for A$156 billion.

The Conversation

From box office bomb to media powerhouse: Skydance’s 20-year rise

It's a come-from-behind story fit for Hollywood itself

The Independent UK

‘Not a done deal’: California vows ‘vigorous’ review of Paramount-Warner Bros takeover

Attorney general says $111bn deal will be investigated amid concerns over monopoly power and job losses

The Guardian - US

Billionaires tied to Trump outbid Netflix to take over CNN’s parent company, and their vision for the network is making anchors sweat

CNN might be up for a huge change in direction.

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CBS News and CNN staffers fear ‘disaster’ as Paramount wins Warner Bros battle

Decision by Netflix to walk away from takeover leaves workers anxious about possible merger of news networks

The Guardian - US

Netflix Drops Warner Bros Bid: Why Ted Sarandos' White House Visit Couldn't Save the $83 Billion Deal

The reasons behind Netflix's decision to withdraw from the $83 billion Warner Bros Discovery acquisition, including political, financial, and regulatory challenges, and how this impacts the streaming industry.

International Business Times UK

Netflix isn't going to buy Warner Bros after all, meaning Paramount is set to take HBO, Warner Bros Games, and the rest

The acquisition was "always a 'nice to have' at the right price, not a 'must have' at any price," Netflix said.

PC Gamer

After PSKY's $31 Bid, Could Netlfix Exit the WBD Bidding War?

Amid Paramount's increased offer for Warner Bros., Netflix shares are surging. See why, and what it could mean for the future of WBD stock.

MarketBeat

Senate Democrats investigate CBS over blocked Colbert interview

Richard Blumenthal seeks records from FCC and Paramount Global amid claims of political censorship

The Guardian - US

Netflix boss says $83bn Warner Bros takeover will benefit industry

Comments by Ted Sarandos follow Donald Trump’s demand for company to remove Democrat from board

The Guardian - UK

Trump warns Netflix of ‘consequences’ unless it pulls top Democrat from board

US president calls for removal of Susan Rice as streaming platform pursues takeover of Warner Bros Discovery

The Guardian - UK

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The Guardian - US

CBS News is convulsing as Larry Ellison tries to please Trump

Recent incidents involving Anderson Cooper and Stephen Colbert suggest things are not well at the network after the acquisition financed by Trump supporter Larry Ellison

The Times of India

MacKenzie Scott donates $26 billion in seven years, surpassing Elon Musk and Jeff Bezos in lifetime giving

MacKenzie Scott donated $26 billion over the past seven years, including a record $7.2 billion in 2025, a pace of giving that makes her the third-largest philanthropist of all time by total lifetime donations, according to Forbes.

GOBankingRates

What If There Was a Maximum Net Worth?

The idea gets tossed around: What if the wealthy had to give their money away after a certain net worth? Find out the potential positive and negative impacts.

TechRadar

“It’s cheaper for you and more profitable for us”: In 1998, Larry Ellison predicted the world we live in today, where you pay over and over for software you don’t own

Larry Ellison’s 1998 vision of leasing software predicted today’s cloud subscriptions and the end of traditional software ownership.

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Euronews

Activist Ancora fund moves to block Netflix takeover of Warner studios

Ancora Holdings has built a $200mn stake and is backing Paramount’s richer rival bid, raising the prospect of a proxy fight over the future of one of Hollywood’s biggest media groups.

Barchart

Short Sellers Are Making Bank on Oracle Stock. Should You Bet Against ORCL Too?

Short sellers netted $24 billion betting against software stocks, including Oracle, as the sector shed $1 trillion in market value last week.

TechRadar

"The height of nonsense": Oracle co-founder Larry Ellison’s 1987 argument that not everything should be AI makes perfect sense in 2026

Decades before the current AI boom, Oracle's Larry Ellison argued that applying AI to every problem was "the height of nonsense."

The Guardian - US

As goes the Washington Post: US democracy takes another hit under Trump

Jeff Bezos’s axing of more than 300 jobs at the storied newspaper has renewed fears about the resilience of America’s democracy to withstand Trump’s attacks

The Independent UK

Some Detroit-area cops earned less than minimum wage due to Oracle software glitch, lawsuit says

First in The Independent: ‘My clients have raised these issues... to have them fixed, and they've remained unfixed to date,’ attorney Carla Aikens said

Fortune

Larry Ellison and Jeff Bezos have seen more than $66 billion swiped from their net worths since the start of this year as AI-driven slump sees tech billionaires’ wealth free-fall

AI bubble fears have led to billions erased from tech CEOs’ net worth overnight—and Oracle founder Larry Ellison has been hit the hardest this year.

Barchart

30,000 Layoffs Could Soon Hit at Oracle. What Does That Mean for ORCL Stock?

A TD Cowen analyst warns that mass layoffs could be coming amid a major fundraising push.

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