September changed his life for the 81 -year -old billionaire entrepreneur, Larry Ellison and his family.
After announcing that his flagship database software company, Oracle, had an order of orders for an amount of almost $ 100 billion on the demand for artificial information, as well as to announce several other contracts of several billion dollars with companies such as Openai, Nvidia and Meta, Ellison saw her fortune jump for a title of $ 393.
However, the Ellison Empire is no longer limited to the technological industry. He now emerges as a powerful but silent media tycoon. Ellison helped finance her son David’s Skydance media in his takeover of $ 8 billion in Paramount, finished in August. The Ellison family now supports the offer of $ 70 billion in paramount for Warner Bros. Discovery, a decision that could make it a main strength in the entertainment sector.
But Larry Ellison’s biggest coup d’etat could be coming. Recently, President Donald Trump has signed an executive decree allowing an agreement to maintain the Chinese social media giant Tiktok operating in the United States. The order responds to the national security rules which require the bydance of Chinese parents to sell the American operations of Tiktok or to face a ban.
The pending Beijing approval, a new joint venture led by Ellison, the investment group Silver Lake, and the AI and Tech MGX investor based in Abu Dhabi would run Tiktok in the United States, with a detention of less than 20%.
As part of the reported arrangement, Oracle would manage Tiktok US security operations while providing cloud computing services for the newly formed company.
Bytedance is currently estimated at around $ 330 billion. Although US vice-president JD Vance recently said that the new Tiktok based in the United States was worth around $ 14 billion, analysts see a very different image, saying that it would start between 35 and 50 billion dollars, according to an ACFR research note.
Between the Paramount and Tiktok chords, the last act of Larry Ellison’s career could be an unprecedented control of the American media.