"Ellison has been an ongoing ally of the president, raising millions for his campaign and advising him during the COVID-19 pandemic. And now, he's poised to play a critical role in President Donald Trump's executive order for TikTok's U.S. operations. The U.S. branch of TikTok is valued at approximately $14 billion. Oracle, along with private equity group Silver Lake and Abu Dhabi's MGX will control around 45%."
"Meanwhile, with the help of his father's money, David, the 42-year-old founder and CEO of Skydance Media-the company behind hit films like Top Gun: Maverick and Mission Impossible- has secured an $8 billion deal to purchase Paramount and its subsidiaries including CBS, MTV, and Comedy Center. David is also reportedly eyeing a bid for Warner Bros. Discovery, the parent media conglomerate behind brands like HBO, CNN and TBS."
"Larry Ellison, Oracle's chairman and chief technology officer, has by all means conquered the tech world. With a net worth near $345 billion, the database pioneer began his success by founding Oracle in the 1970s. Earlier this month, he briefly became the richest person in the world, topping Elon Musk before going back to second place. But now the Ellison name has a new venture: media. The 81-year-old, alongside his son, David, could soon own CBS, Paramount, CNN and TikTok."
Larry Ellison built Oracle and amassed a net worth near $345 billion, briefly becoming the world's richest person. He remains a close presidential ally who raised campaign funds and advised during the COVID-19 pandemic. Ellison's investor group including Oracle, Silver Lake and Abu Dhabi's MGX is positioned to control about 45% of TikTok's U.S. operations under a 120-day executive-order process, valuing the U.S. branch at roughly $14 billion. David Ellison, founder and CEO of Skydance Media, secured an $8 billion deal to buy Paramount and subsidiaries including CBS, MTV and Comedy Center, and is reportedly considering a bid for Warner Bros. Discovery.
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