All articles tagged with #larry ellison
Bruce Springsteen used Stephen Colbert's second-to-last Late Show to call out Donald Trump and the Ellison duo, delivering an anti-Trump performance of "Streets of Minneapolis" with imagery of the American flag and messages like “RESISTANCE” and “HOPE,” as Colbert’s upcoming finale-era episodes feature guests who have weighed in on the former president’s influence and Paramount Global leadership changes.
Two press-freedom groups allege Larry Ellison promised the Trump administration that, if Paramount Skydance’s bid to acquire Warner Bros. Discovery was approved, he would implement a sweeping CNN staff overhaul modeled on CBS. The groups say the promise could breach fiduciary duties and have requested internal Paramount Skydance documents. The allegations come as the Warner Bros. Discovery merger has been approved, with Bari Weiss linked to CBS News and the so-called 'CBS playbook' cited as context for a CNN reshuffle.
Analysts see about 65% upside for Oracle (ORCL) despite a recent pullback, underpinned by strong AI demand and a massive backlog. Insiders own roughly 40.4% of the company, led by Larry Ellison (about 40.3%), with Vanguard and other institutions also holding significant stakes. The stock carries a Strong Buy consensus with an average target near $245, implying roughly 69–70% upside.
President Trump named 13 members to the President's Council of Advisors on Science and Technology (PCAST), making the panel heavily tech‑industry dominated with 12 technology executives and a lone academic, John Martinis of UC Santa Barbara. The lineup features Mark Zuckerberg, Larry Ellison, Sergey Brin, Jensen Huang, Lisa Su, and Michael Dell, among others, with two MIT‑educated leaders in nuclear-energy startups noted. Critics lament the absence of biologists and university researchers, arguing biotech balance is lacking, though Trump could add up to 11 more members under a 2025 order. PCAST advises the White House on science policy and reviews cross‑agency programs.
An amended complaint alleges Donald Trump privately told Larry Ellison that the government would intervene to help Paramount beat Netflix for Warner Bros., a claim tied to Paramount executive Jeff Shell’s dispute; Paramount calls the allegations meritless, while Shell has filed a cross-claim against R.J. Cipriani and Cipriani is cooperating with an SEC inquiry and Paramount’s internal investigation led by Nick Hanna, as questions about the texts’ authenticity persist.
Oracle chairman Larry Ellison, on the company’s earnings call, argues the AI-driven “SaaSpocalypse” won’t affect Oracle, saying the firm can use AI and agent-based software to disrupt ecosystems like healthcare and finance. CEO Mike Sicilia says Oracle is rapidly adopting AI and embedding AI agents into its SaaS offerings, stressing that customers aren’t ready to replace core systems—an optimistic stance echoed by peers who see AI transforming software rather than ending it.
Trump allies cheer Paramount's acquisition of Warner Bros., viewing it as a win for conservative influence in media as the Ellison family expands their media holdings; Netflix’s earlier withdrawal of a bid for Warner Bros. Discovery adds scrutiny to President Trump's role in the deal.
Paramount Skydance’s $31-per-share bid to acquire Warner Bros. Discovery topped Netflix’s $27.75 offer, prompting Netflix to walk away and secure a $2.8 billion breakup fee. The deal, backed by Larry Ellison, hinges on regulatory approval and Paramount’s ability to de-leverage a massive debt load, signaling a dramatic reordering of Hollywood’s studios and streaming landscape.
MAGA-aligned billionaires Larry Ellison and his son David, via Paramount Skydance, have topped Netflix in a bidding war to acquire Warner Bros. Discovery, taking control of CNN and HBO with a $31-per-share offer and signaling a MAGA-friendly leadership shift, including reports that Bari Weiss could helm CNN; Netflix declined to match, clearing the path for Paramount Skydance to own CNN and its subsidiaries.
Netflix co-CEO Greg Peters says Paramount Skydance’s roughly $108 billion bid for Warner Bros. Discovery “doesn’t pass the sniff test,” arguing it would rely on heavy leverage without Larry Ellison backing it; he contrasts this with Netflix’s own roughly $83 billion all-cash offer as the stronger path, while RedBird Capital’s Gerry Cardinale counters, calling Netflix’s deal the “Harry Houdini of deals” in the ongoing proxy fight.
Oracle cofounder Larry Ellison named his 191-foot yacht Izanami, but learned the name reads 'I'm a Nazi' backwards, prompting a rename; the anecdote sits amid profiles of his media empire, family succession buzz, and his noted Zionist ties.
Paramount has sued Warner Bros. Discovery and threatened a proxy fight to push WBD to engage with Paramount’s bid to take Warner Bros. away from Netflix. Backed by billionaire Larry Ellison, the move signals a potential, highly public and costly battle that could reshape the three-way deal dynamics. With WBD’s annual meeting looming in weeks, the outcome hinges on whether WBD will engage or be compelled to disclose information that could sway investors and executives.
Warner Bros. Discovery plans to reject Paramount's amended takeover bid, citing concerns over the offer's financial terms, debt management, and breakup fee guarantees, with the Warner Bros. board awaiting a higher bid before considering any deal.
Jim Cramer discusses the intense takeover battle for Warner Bros. Discovery, with Paramount Skydance and Netflix vying for control, highlighting Larry Ellison's significant financial backing and the potential influence of the Time Warner board.
Larry Ellison, co-founder of Oracle, is backing a $108 billion hostile bid for Warner Bros. Discovery to help his son, David Ellison, CEO of Paramount, expand their influence in Hollywood and media, highlighting a close and strategic father-son partnership.