Search results for Larry Ellison
Telecommunications & Media
Elon Musk to invest $1 billion in Skydance as funding draws attention
Elon Musk is reported to have invested about $1 billion in newly created media company Skydance. The investment was reported days after Paramount acquired Warner Bros. Discovery for $110 billion and launched an integrated company. The new entity is combining platforms and networks including Paramount+, HBO Max, CBS and CNN. Musk’s funds were reported to coincide with additional contributions from existing investors, with Laurene Powell Jobs also involved.
AI & Enterprise
Oracle chairman Larry Ellison withdraws plan to sell up to $7.5 billion in shares
Oracle co-founder Larry Ellison withdrew a plan to sell up to $7.5 billion worth of Oracle shares a day after it was disclosed. Oracle said Ellison had not sold any shares under the plan and has no other plan to sell Oracle stock, without explaining why. Investor attention is shifting to Oracle’s cash flow and the burden of AI investment, including data centre expansion and restructuring costs.
Crypto
Musk says he will not promote crypto as past Bitcoin, Dogecoin remarks revisited
A past interview clip of Elon Musk is spreading again on X, prompting renewed attention to his remarks about Bitcoin and Dogecoin. The clip, from a 2024 podcast interview, shows Musk saying he does not plan to promote cryptocurrencies and that any apparent promotion would be impersonation. He also said Bitcoin has merit and expressed a soft spot for Dogecoin. The resurfacing coincides with claims about Musk becoming a $1 trillion net-worth individual after SpaceX’s IPO.
