Biography Flash: Larry Ellison's $40B Hollywood Takeover and TikTok Control Shakes Tech and Media Worlds
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Biography Flash: Larry Ellison's $40B Hollywood Takeover and TikTok Control Shakes Tech and Media Worlds
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Larry Ellison, the Oracle billionaire titan, has dominated headlines this week with two seismic moves that could redefine Hollywood and social media. According to a Paramount press release reported by Realtor.com and Bloomberg Podcasts, the 81-year-old personally guaranteed 40.4 billion dollars in equity financing for his son Davids Paramount Skydance bid to acquire all of Warner Bros. Discovery in a 108 billion dollar all-cash deal, countering Netflixs 82.7 billion dollar play for its studio and streaming assets. This irrevocable pledge, announced Monday, addresses board doubts over prior trust funding, hikes the breakup fee to 5.8 billion dollars, and gives shareholders until January 21 to decide, potentially reshaping content empires with greater production and theatrical output as David Ellison stated.
In a parallel power play, Fortune and JTA report Oracle, under Ellisons helm, is clinching control of TikToks U.S. operations after Chinas approval, greenlit by President Trumps Thursday executive order. Ellison will oversee the algorithm and security in a consortium with backers like Rupert Murdoch and Michael Dell, fulfilling a law mandating ByteDances divestiture over national security risks. Jewish leaders at the Jewish Federations of North America hail it as a win against antisemitism on the platform, citing Ellisons pro-Israel philanthropy. This builds on Oracles AI surge, including a 300 billion dollar OpenAI cloud deal and Stargate data centers with SoftBank.
No public appearances or social media mentions surfaced in the past few days, and all details stem from verified outlets like CNN and Economic Times, with no unconfirmed speculation. These bets spotlight Ellisons enduring influence across tech, media, and geopolitics.
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