September was changing the 81 -year -old billionaire businessman Larry Ellison and his family.
After announcing that the leading database software company, Oracle, had accumulated orders of approximately $ 100 billion on hot demand for artificial intelligence, as well as announcing many other billions of dollars with companies with companies including Openai, NVIDIA, and Meta, and Elison has witnessed a leap for obtaining an astronomical billion dollars.
Empire Empire is no longer limited to the technology industry. It now appears as a strong and calm media. Ellison helped fund his son David’s Skydance Media in her acquisition of $ 8 billion, which were completed in August. The Ellison family now supports Paramount of $ 70 billion for Warner Bros Discovery, a step that can make them a leading power in the entertainment sector.
But Larry Ellison’s biggest coup may be yet. Recently, President Donald Trump has signed an executive thing that allows the deal to keep Chinese social media customers working in the United States. The request for national security rules that require Chinese parents is fulfilled by the sale of US Tiktok or a ban.
Waiting for Beijing’s approval, it will run a new joint venture led by Ellison, the Silver Lake Special Stock Group, based in AI DHABI and Tech MGX investor in the United States, with ownership less than 20 %.
Under the arrangement reported, Oracle will deal with TIKTOK US safety operations while providing newly formed cloud computing services.
Its value is currently estimated at about 330 billion dollars. Although US Vice President JD Vance recently stated that the new US -based Tiktok will be about $ 14 billion, analysts see a completely different picture, saying that it will start between 35 billion dollars and 50 billion dollars, according to CFRA research.
Between Paramount and Tiktok deals, the last work of Larry Ellison’s profession can be unprecedented in the American media.
