Larry Ellison Latest Celebrity News & Gossip

The Washington Post, Balwani was accused of defrauding investors as well as patients putting money into Holmes’ biotech firm. In total, he faced 10 counts of wire fraud and two counts of conspiracy to commit wire fraud.The biotech startup’s Chief Operating Officer was formerly charged with past business partner Holmes, who was found guilty of four counts of wire fraud and conspiracy to commit fraud against investors in January.His tasks at Theranos included overseeing the company’s relationship with Walgreens, monitoring labs and managing software, finances and investor relationships.The businessman met Holmes before she started college, and his investment of $10 million into the company kept Holmes afloat while he came aboard as Vice President and then moved up.Balwani, who is 20 years older than Holmes, also became her romantic partner in Theranos’ rise to the top of Silicon Valley before Holmes’ blood test model proved less successful than she advertised and she was exposed for scamming big-name investors like Oracle’s Larry Ellison and venture capitalist Tim Draper.The downfall of Theranos gathered spotlight from several streamer projects like Hulu’s “The Dropout” and an HBO documentary.

The clock is ticking down to midnight, the end of a month-long exclusive negotiating window between Paramount Global and Skydance Media. The David Ellison company has been circling Paramount for months and lobbed several offers to buy out Shari Redstone‘s controlling stake, backed by Oracle co-founder Larry Ellison and Gerry Cardinale’s RedBird Capital.

Partners Sony and Apollo have formally reached out to Paramount‘s special board committee asking to discuss a potential $26 billion offer, Deadline has learned. It comes as Par’s exclusive negotiating window with David Ellison‘s Skydance is set to expire.

Confusion and anxiety reigned at a CBS-Politico joint party today ahead of the annual White House Correspondents’ Dinner, with staffers shocked at news that Bob Bakish, CEO of parent Paramount Global, is set to exit abruptly as early as Monday morning.

Skydance and Paramount are deep into hashing out a complicated deal that would see the David Ellison’s studio and its backers take control of the storied film and television company owned by Shari Redstone. The exclusive month-long negotiating period through May 3 is likely to be extended perhaps by a few weeks, Deadline hears, given the complexity of the transaction.

American superstar singer, Taylor Swift, has joined the billionaire club. The 34-year-old's earnings have surpassed $1.1 billion dollars (£875 million), thanks to her successful 'Eras Tour' and her well-regarded music assortment, Forbes magazine reports.

EXCLUSIVE: We are hearing that Apollo Global Management, who was mulling an offer for National Amusements, the Redstone family company that controls Paramount Global, is no longer considering that now.

David Ellison’s Skydance is said to have made a preliminary offer to buy Shari Redstone’s stake in National Amusements, the family holding company that controls Paramount Global, according to a Bloomberg report.

Even though Tom Cruise inked a non-exclusive pact at Warner Bros earlier this week, it looks like he’ll continue to be busy with Paramount for some time. Reports tonight are that Top Gun 3 is in development at Paramount with Top Gun:Maverick co-writer Ehren Kruger currently writing a draft.

A new scenario has surfaced in the ever-swirling speculation about Paramount Global’s fate.

Ritzy Charters have revealed a list of the 10 most expensive yachts afloat — and the top three are worth a whopping $1.29 billion combined, exceeding the GDP of some smaller countries.“Luxury yachts are more than just a symbol of wealth; they not only provide incredibly gorgeous views but a level of privacy to those onboard who want a sense of relaxation that you can’t get from anywhere other than chartering across oceans,” a spokesperson for the company said in a statement.Riding high at the top of the list is media magnate David Geffen’s The Rising Sun, worth a jaw-dropping $590 million.Originally owned by tech mogul Larry Ellison, the superyacht cost an estimated $200 million to build back in 2004. The classy craft measures more than 452 feet long and features a basketball court, a helicopter landing pad and a wine cellar — even a movie theater.Boldfacers who’ve accepted invitations to sail on the elite vessel include Oprah, Stephen Spielberg, Barack Obama and Julia Roberts.Geffen purchased the vessel — which holds 18 guests and 55 crew members in its 82 rooms — in 2010.Second on the list is the Koru, owned by none other than Amazon founder Jeff Bezos.The behemoth, triple-masted yacht — reportedly worth an impressive $500 million — is the largest billionaire yacht that can venture into the high seas by sail power only.Hosting celebs like Orlando Bloom and Katy Perry, Koru features a pool, hot tub, bars, multiple dining spaces and a masthead modeled after the mogul’s fiancee, Lauren Sanchez.

Ritzy Charters have revealed a list of the 10 most expensive yachts afloat — and the top three are worth a whopping $1.29 billion combined, exceeding the GDP of some smaller countries.“Luxury yachts are more than just a symbol of wealth; they not only provide incredibly gorgeous views but a level of privacy to those onboard who want a sense of relaxation that you can’t get from anywhere other than chartering across oceans,” a spokesperson for the company said in a statement.Number one on the list is media magnate David Geffen’s The Rising Sun, worth a jaw-dropping $590 million.Originally owned by tech mogul Larry Ellison, the superyacht cost an estimated $200 million to build back in 2004.

Jeff Bezos’ $500 billion superyacht was making headling all summer and became a special place for Bezos and his fiance, Lauren Sanchez,. The colossal 417-foot Y721 sailing yacht, named the Koru, is known as the largest sailing yacht worldwide.

Amazon Executive Chairman Jeff Bezos and fiancee Lauren Sánchez, vice chair of the Bezos Earth Fund, are establishing a $100 million fund to “help Maui get back on its feet now and over the coming years.”

South Carolina Republican Senator Tim Scott announced his presidential run Monday, with a special mention of billionaire Larry Ellison, who has poured $25 million into Scott’s super PAC, Opportunity Matters Fund.“I choose freedom and hope and opportunity,” Scott told the crowd gathered in North Charleston, South Carolina, on Monday. ”We need a president who persuades not just our friends and our base” but seeks “common sense” solutions and displays “compassion for people who don’t agree with us.”From the stage, he specifically noted Ellison’s presence in the crowd, calling him a “great mentor.”Since 2020, Elison, co-founder of Oracle Corp., has made a series of donations totaling $25 million to Scott’s Opportunity Matters Fund – a conservative Super Pac.

first reported by Axios, comes after Elon Musk acquired the social media giant for $44 billion in October. Musk joined Endeavor’s board in 2021 following the company’s initial public offering, but resigned in March 2022.

Todd Spangler NY Digital EditorElon Musk said three issues still need to be resolved before his planned $44 billion acquisition of Twitter, originally announced in April, can close.Musk, speaking via teleconference Tuesday at Bloomberg’s Qatar Economic Forum, said that he still hasn’t gotten clarity about Twitter’s claim that the fake and spam accounts comprise less than 5% of active users, “which I think is probably not most people’s experience when using Twitter. So we are still awaiting resolution on that matter.

CNBC, which cited unnamed sources.The Tesla CEO will take over as CEO of the social company for several months after the deal closes to take Twitter private for $44 billion. This comes as the San Francisco giant now faces an uncertain future under Musk’s potential ownership.

leaned into censoring certain users and content in the months leading up to his resignation.How things have already changed.Dorsey is among a new group of investors being floated by Elon Musk, the free-speech champion massing billions to complete his purchase Twitter, to participate as an investor in his private version of the company, according to a Securities and Exchange Commission filing from Thursday.The more than $7 billion in new money includes 19 investors, some of whom are current Twitter shareholders – including Larry Ellison, Sequoia Capital, Qatar Holding, and Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud of Saudi Arabia. Equity commitments range from $1 billion (Ellison) on down to $5 million (Honeycomb Asset Management).It wasn’t immediately clear how the $7 billion would fit into the standing $44 billion offer that Musk made for the company, which was accepted late last month.

Todd Spangler NY Digital EditorElon Musk is getting a little help from billionaire friends for his $44 billion Twitter takeover.According to an SEC filing Thursday, Musk has secured $7.14 billion in new financing commitments for the Twitter bid, including $1 billion from Larry Ellison. Ellison, co-founder and CTO of software giant Oracle, also sits on the board of Tesla, which Musk heads as CEO.In addition, Prince al-Waleed bin Talal of Saudi Arabia committed to retain the equity he owns in Twitter — his 35 million shares are worth $1.9 billion at Musk’s buyout offer — instead of receiving a cash payout, per the filing.Musk “will continue to have… discussions with certain existing holders” of Twitter stock, including ex-CEO Jack Dorsey, to contribute their shares toward his bid, according to the filing.

Todd Spangler NY Digital EditorIn two weeks, actors Milan Kunis and Ashton Kutcher have exceeded their goal of raising $30 million to help Ukrainian refugees displaced by Russia’s savage war on the country. The crowdfunding effort has now raised nearly $35 million — and counting.The married couple had previously pledged to match up to $3 million in donations toward the GoFundMe campaign (available at this link).

James McClain The dead of winter makes for a somewhat unusual time to be buying a beach house, but Gal Gadot is clearly planning ahead.

Jill Goldsmith Co-Business EditorKevin Mayer — the longtime Walt Disney dealmaker and short-lived TikTok CEO — is in talks to join RedBird Capital, an investment firm with holdings in entertainment and sports, including David Ellison’s Skydance Media, someone familiar with the situation confirmed.Oracle, founded and run by Ellison’s father Larry Ellison, is trying to secure a deal to acquire TikTok with partners in an ongoing and tortured process.

TheWrap reported in late August, Oracle moved into the lead to takeover TikTok’s U.S.

It’s official, Oracle has won the bid to take over TikTok‘s US operations.

James McClain Two years ago, tech entrepreneur Larry Ellison and prominent cancer researcher Dr. David Agus announced the launch of Sensei, the AgTech company they co-founded that encompasses both sustainable farming and retreat elements.

The Financial Times was the first outlet to report the news on Monday, with CNBC following soon after. Oracle, led by co-founder Larry Ellison, is looking to top Microsoft when it comes to the bidding — expected to be somewhere in the $30-$50 billion range — and is working with several U.S.

Todd Spangler NY Digital EditorCould TikTok end up in the clutches of Silicon Valley billionaire Larry Ellison?Software giant Oracle is in discussions with ByteDance to acquire popular social-video app TikTok, according to multiple reports. The Chinese internet company faces a looming mid-November deadline to divest TikTok’s U.S.