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Larry Ellison will control Paramount after Skydance deal: filing

Tech billionaire Larry Ellison will reportedly take control of CBS parent company Paramount Global after Skydance Media completes its acquisition of the Redstone family's stake in the film and TV company. According to a filing with the Federal Communications Commission, the Oracle co-founder will own 77.5% of National Amusements, Paramount's controlling shareholder, through a trust […]

Tim Walz’s Attorney General, Keith Ellison, Celebrates Brazil Banning X

Minnesota Attorney General Keith Ellison, whose state is governor is Tim Walz, vice presidential candidate Kamala Harris, on Monday celebrated Brazil's Supreme Court's decision to ban Elon Musk's X from Brazil. In a Labor Day post by X, Keith Ellison commented on the ban saying, “Obligado Brasil!” (Thank you, Brazil!). Thank you Brazil! — Keith […]

Skydance CEO David Ellison — and scandal-scarred media exec Jeff Shell — signal $2B in cost cuts for Paramount

Skydance boss David Ellison and scandal-plagued media executive Jeff Shell have hinted at massive cost-cutting measures at Paramount Global as the two companies merge. Ellison, the son of tech mogul Larry Ellison, whose Hollywood production company produced “Top Gun: Maverick” and “Mission: Impossible: Dead Reckoning,” said Monday that he expects Paramount to make more than […]

Oracle’s Larry Ellison sees multi-billion-dollar increase in net worth

Constellation Research founder R. “Ray” Wang presents the best artificial intelligence stocks at “Varney & Co.” Oracle co-founder and CTO Larry Ellison’s net worth soared following Wall Street’s positive reaction to the company’s fourth-quarter results. Forbes, which tracks the wealth of billionaires, reported on Wednesday that Ellison’s fortune had increased by more than $15 billion. […]

Oracle’s Larry Ellison announces plans to move world headquarters to Nashville

UBS Managing Director Jason Katz and Interactive Brokers Strategist Steve Sosnick reveal how investors can navigate the stock market’s conflicting messages in The Craman Countdown . Oracle founder Larry Ellison on Tuesday announced plans to move the software giant’s headquarters to Nashville, Tennessee, adding that it is the center of the health care industry. Ellison […]

Elon Musk invited by Larry Ellison to Hawaii to ‘dry out from drugs’

In the wake of Elon Musk’s drug use allegations, Larry Ellison invited the billionaire to toast at the Oracle co-founder’s Hawaii mansion, according to a report. Ellison, a member of Tesla’s board of directors, reached out to the Tesla president in the winter of 2022 after other board members raised concerns about Musk’s actions. The […]