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The Latest Breaking News from Larry Ellison

Paramount Co-CEOs To Receive Bonus Payouts Even If They No Longer Lead Company

An SEC filing revealed that the three co-CEOs -- Chris McCarthy, George Cheeks, and Brian Robbins -- will be able to resign and receive severance payments if their new responsibilities are "substantially inconsistent" with their roles as co-CEO's or if there is a material reduction in the positions or duties.

International Business Times

New report sheds light on Annapurna Interactive implosion while the parent company says it's 'focused on moving forward,' hiring to fill the vacancies, and still working on the Blade Runner game whose devs just walked out the door

"The whole situation is a baffler."

PC Gamer

Anti-aging fanatic Bryan Johnson praises 80-year-old Larry Ellison for ‘doing a good job managing biological aging’

Ellison, known for his strict diet, has invested over $350 million in research on aging.

Fortune

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Larry Ellison predicts rise of the modern surveillance state where ‘citizens will be on their best behavior’

Ellison believes citizens and police alike will be under constant surveillance of each other.

Fortune

Larry Ellison and Elon Musk 'begged' Nvidia’s Jensen Huang for more GPUs over a fancy sushi dinner

“Please take our money.” That’s how Oracle’s executive chairman summarized the evening the trio dined at Nobu.

Fortune

Elon Musk and Larry Ellison begged Nvidia CEO Jensen Huang for AI GPUs at dinner

Larry Ellison talked about how he asked Jensen Huang over dinner to give him 131,072 Blackwell GPUs for the planned Zettascale Oracle Supercluster.

Tom’s Hardware

One of the world's largest software firms is building a data center with not one but three nuclear reactors — Oracle wants to build world's most powerful supercomputer ever, yes, even more powerful than Colossus

Oracle plans to build a data center powered by with not one but three nuclear reactors.

TechRadar

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Kentucky Route Zero and Stray publisher Annapurna Interactive has collapsed, with its entire staff quitting en masse

The mass-exodus came after negotiations between the employees and owner Megan Ellison fell through.

PC Gamer

Oracle's stock surges while Intel's flounders

Shares of Oracle are up 55% for the year, trailing only Nvidia's nearly 150% rally in that span, while Intel is down 60% in that span.

Fortune

Why Amazon And Oracle Could Both Have 'A Lot To Gain' Working Together

Oracle stock is rocketing higher Tuesday, helped by a strong earnings report and its plan to partner up with Amazon.

Investors Business Daily

Paramount Chair Shari Redstone To Receive $180M In Severance, Benefits: Report

Paramount chair Shari Redstone is set to receive $180 million in severance pay following Skydance's acquisition of the movie company.

International Business Times

Top 10 List Of World's Richest People Sees Another Shuffling Of Its Ranks

Elon Musk remained No. 1 but the volatile value of tech stocks led more than half of the billionaires to trade places for a second consecutive month.

International Business Times

Australian TV is soon to be dominated by right-wing moguls

Right-wing moguls might by the only people left willing to invest in the dying industry. It makes the role of the ABC ever more important.

Crikey

Edgar Bronfman Jr.’s Bid for Paramount Fades to Black

Withdrawal appears to clear way for Skydance to close acquisition of struggling media company

Multichannel News

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International Business Times UK

The Centibillionaires Club: 15 People Worth Over $100 Billion And Three More About To Join Their Ranks

Although there are only 15 centibillionaires, their combined wealth is around $2.3 trillion, according to the Bloomberg Billionaires Index.

The Independent UK

Paramount extending 'go shop' period by 15 days so it can review Bronfman offer

Entertainment giant Paramount Global is extending by 15 days a period where it’s allowed to assess alternative offers to its merger agreement with Skydance so that it can review a proposal from Edgar Bronfman, Jr. Paramount said late Wednesday that the “go shop” period for Bronfman will be extended until…

Fortune

Elon Musk was just forced to reveal who really owns X. Here’s the list.

Organizations linked to Bill Ackman, Larry Ellison, and Sean Combs (a.k.a. Diddy) were mentioned in the filing.

TV Tech

Bronfman Makes $4.3B Bid for Paramount

Paramount and its main shareholder had previously accepted a bid from Skydance Media

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The Guardian - US

John Oliver: ‘Hawaii is being reshaped by wealthy outsiders’

Last Week Tonight looks into how billionaires like Mark Zuckerberg, wealthy tourists and the US military have altered the state at the expense of locals

Investors Business Daily

The World's 10 Richest Men Just Lost $45 Billion. This Tech Founder Is The Biggest Loser.

The world's biggest billionaires had a rough Friday, led by Amazon founder Jeff Bezos. But most have had a great 2024.

Crikey

As US media billionaires lean towards Trump, they’re facing some insider pushback

American media moguls are falling in line behind the Republican nominee. Do they really believe he’ll be better for business, or do they just fear speaking out against him?

Fortune

David Ellison's Paramount merger cements the era of the 'nepo CEO'

David Ellison's Skydance Media is buying Paramount Global with help from his billionaire dad, Larry Ellison, founder of Oracle. To earn respect, he'll have to walk a tightrope.

Fortune

Who is David Ellison? Heir to the Oracle fortune celebrates clinching $28B Paramount deal

Oracle founder Larry Ellison’s son, David Ellison, announced he reached terms to acquire a controlling stake in Paramount.

Multichannel News

David Ellison Spells Out Goals for ‘New Paramount’

Plan is to create a media-technology hybrid and cut costs by $2 billion

International Business Times

Elon Musk Is King In Billionaires Bitcoin Holdings List – Saylor Isn't In Top 20

In a surprising twist within the Bitcoiner circle, prominent BTC maximalist Michael Saylor isn't part of a new list that ranks at least 40 billionaires who own Bitcoin.

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