Ellison's Media Ambitions: Oracle Co-Founder Eyes CNN Deal, Sparking Monopoly Fears
Larry Ellison, co-founder of Oracle and one of the world's wealthiest individuals, has been making waves in the media industry. His recent deals and investments, often involving his son David Ellison, have sparked speculation about a potential media empire.
Ellison's interest in media is not new, but it has gained momentum recently. His wealth has soared due to Oracle's success in the data-hungry AI era, and his deals are primarily a big data play, focusing on the value of data and advertising revenue. Controlling major outlets like CBS News, TikTok, and CNN could give the Ellisons significant influence over American audiences.
The Ellisons are set to make a bid for CNN's parent company, Warner Bros. Discovery. This move, if successful, would add another powerful news outlet to their portfolio. Larry Ellison has previously expressed interest in a society under constant surveillance, with Oracle managing all the data, raising concerns about potential monopolies. Despite these concerns, the Ellisons' expected hold on media and entertainment data has drawn comparisons to historical news monopolies.
The Ellisons' potential media dynasty is a topic of much discussion. While Larry Ellison's wealth and influence have grown significantly, and his son David's success in the media industry is undeniable, it remains to be seen how their plans will unfold. As they continue to make strategic moves, the media landscape could be significantly reshaped.
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