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Apr 29, 2024
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i listen to you, and i think, okay, you mention larry ellison. so, let's say amazon were to try to buy paramount no justice department would say, no way. apple, no way. let's say alphabet wanted to buy it >> no way. >> how about the fourth guy who has the best network with the best technology and data analytics, which is what the wall "wall street journal" says you need how about oracle but not really we make it larry ellison skydance has $90 million in revenue. which is better, djt or skydance this is a back door way for a great american company to own a -- >> this would be a different approach for him, but you would know they would be there you know there would be technology at the root of so much of what they're doing, and that's certainly the prospect that at least the ellison group is trying to present to the special committee, but it's very difficult for them they got to look at, all right, status quo, which, by the way, this company is potentially going to be run by a committee starting tomorrow, paramount ellison deal or if you could real
i listen to you, and i think, okay, you mention larry ellison. so, let's say amazon were to try to buy paramount no justice department would say, no way. apple, no way. let's say alphabet wanted to buy it >> no way. >> how about the fourth guy who has the best network with the best technology and data analytics, which is what the wall "wall street journal" says you need how about oracle but not really we make it larry ellison skydance has $90 million in revenue. which is...
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Apr 16, 2024
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larry ellison and oracle can deliver the a.i. and tech capability to at least get mare mount in the game and perhaps place it in a different category. as i think about the logic behind this sort of a deal, that's one of the things that jumps out i don't think has gotten a lot of attention yet because that's about the only thing that they could do to really change their fortunes in a significant way. obviously, sell off linear assets, cable networks and the traditional broadcast network, sure. focus on streaming, yes. their streaming service like all the others is growing but it's still losing money. they project it to be positivitiable in 2025, paramount plus, that is, that's streaming service. it loses money right now and streaming services are expensive for programming and marketing, etc. you add some a.i. into the equation and suddenly they become much more efficient and that's been netflix's secret all the time. katie: jon, as you laid out with the media industry undergoing its own heat death of the universe, it sounds like w
larry ellison and oracle can deliver the a.i. and tech capability to at least get mare mount in the game and perhaps place it in a different category. as i think about the logic behind this sort of a deal, that's one of the things that jumps out i don't think has gotten a lot of attention yet because that's about the only thing that they could do to really change their fortunes in a significant way. obviously, sell off linear assets, cable networks and the traditional broadcast network, sure....
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Apr 25, 2024
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i'm a big believer in larry ellison. everything is still, yeah, what they produce is really important for everybody. the software x i think they're getting more into health care, so it's really important >> all right joey picks oracle. tim, what do you think >> larry ellison has been gobbling up companies for a long time >> i see what you did, gobbling, joey chestnut. >> i just say it's a company that in terms of their software revenue and the higher revenue part of their business, this is why the street has been willing to pay a higher multiple on the stock. it's probably 10 to 15, 18% off the top of that. interesting pick and absolutely a name that has the delta. >> are they an ai pick in a way or are they an also-ran in ai? >> i don't think we know i think it's, again, hard to count out when you look where they have made their investment. i'm sure on the software side and in terms of the platforms that are going to be in the periphery, the port, no question >> interesting we're going to take a quick break. jim cramer
i'm a big believer in larry ellison. everything is still, yeah, what they produce is really important for everybody. the software x i think they're getting more into health care, so it's really important >> all right joey picks oracle. tim, what do you think >> larry ellison has been gobbling up companies for a long time >> i see what you did, gobbling, joey chestnut. >> i just say it's a company that in terms of their software revenue and the higher revenue part of...
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Apr 13, 2024
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who's the son of oracle founder larry ellison. and under this potential deal, national amusements may be taken out, but the public shareholders will remain. and to make it even worse, the public -- paramount might actually buy this private media business from from ellison for a couple billion dollars or more and further dilute shareholders. so it's a messy situation. analyst rich greenfield has called it chaos and dysfunction at paramount. the directors seem to be controlled -- concerned about it. four of the seven are not going to stand for reelection, so it's a messy situation right now there. jack: i think we need a diagram. green fed is often right but also negative on legacy -- >> yeah. and one thing that could be aping that's positive, if this deal falls apart, that's probably the best thing for paramount shareholders. jack: is there a bull case to be made for legacy media? >> the stock is very depressed, and you could have a takeover of the entire company. apollo, the private equity firm, is reportedly interested in buying
who's the son of oracle founder larry ellison. and under this potential deal, national amusements may be taken out, but the public shareholders will remain. and to make it even worse, the public -- paramount might actually buy this private media business from from ellison for a couple billion dollars or more and further dilute shareholders. so it's a messy situation. analyst rich greenfield has called it chaos and dysfunction at paramount. the directors seem to be controlled -- concerned about...
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Apr 11, 2024
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yeah, ellison, shell, and then larry ellison, don't forget, as well, will be involved, because he will be a very large shareholder. >> if larry ellison is involved, i'm a buyer. end of story. >> that's paramount for today. i'll send it back to you. wrap up whatever it is you want to hit before we take a quick break. >> well, look, i think that we have to watch the group that was hurt so badly yesterday, which was home builders. they were wrecked. you take a look at pulte home, which was just crushed yesterday. it lost like a month's worth of gains, and it's making a nascent comeback, not a lot of volume. watch the home builders. if they don't stay up, david, then people will think the cpi was not real. i mean, the ppi was not real. the cpi was. let's watch that group. that's the most important group right now. >> finally, back to m&a. not paramount. i did note jassy's comments to andrew sorkin around the irobot transaction. >> isn't that interesting? >> i thought they were really interesting in terms of what he was talking about. >> i'm so interested in that. >> conversations not just
yeah, ellison, shell, and then larry ellison, don't forget, as well, will be involved, because he will be a very large shareholder. >> if larry ellison is involved, i'm a buyer. end of story. >> that's paramount for today. i'll send it back to you. wrap up whatever it is you want to hit before we take a quick break. >> well, look, i think that we have to watch the group that was hurt so badly yesterday, which was home builders. they were wrecked. you take a look at pulte home,...
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Apr 24, 2024
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larry ellison. i don't want anybody going out into the sun. if you do a cinch for heatstroke or heat exhaustion out here with the water, we've got, that means you're finished. so we'll work only at night or in the morning. things be a little ragged. i know, but we'll manage, all right. if we keep our heads and go on the water supplies here can figure out a way to repair the radio. i'll try, sir. we'll take a fix with the sextant. this thing just where we are. be sure you keep the navigators. quick. round up, george. okay. now, first of all, the water is going to be rationed. that is a big worry. water. and without it, nothing else mattered. as the brine came to just 27 gallons sounds a lot does about 27 gallons of water. but listen that to be split equally with all the crew except the two wounded men who would need more than the others in order to live for these others one for a man for a day that last time exactly ten days and the first 12 hours. nobody outside of the two casualties would get one single drop to drink to the planning. but and
larry ellison. i don't want anybody going out into the sun. if you do a cinch for heatstroke or heat exhaustion out here with the water, we've got, that means you're finished. so we'll work only at night or in the morning. things be a little ragged. i know, but we'll manage, all right. if we keep our heads and go on the water supplies here can figure out a way to repair the radio. i'll try, sir. we'll take a fix with the sextant. this thing just where we are. be sure you keep the navigators....
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Apr 16, 2024
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people are scrambling around, "washington post" and others, shows david ellison, who is larry ellison's son is giving money to biden isn't that crazy? they're missing the big story we're bringing exclusively on fox business, the confluence here has nothing to do with larry in my view and trump. has to do with david ellison will need regulatory approval from the biden administration if he wants the deal to get done this year. will have to get doj antitrust sign off on it. that is what makes this contribution, i don't know, interesting. am i saying david ellison is giving money to biden because he wants to change opinions? yo know that. it is not my job to do that. it is my job to report confluences. this is an interesting confluence of someone who needs the biden administration to approve something, giving the biden victory fund a ton of money. he might be the most socially justice oriented, left-wing radical ever to produce a movie because, remember that is his bottom line here in addition to be the song of one of the world's richest men, larry ellis sown of oracle fame. somehow i think
people are scrambling around, "washington post" and others, shows david ellison, who is larry ellison's son is giving money to biden isn't that crazy? they're missing the big story we're bringing exclusively on fox business, the confluence here has nothing to do with larry in my view and trump. has to do with david ellison will need regulatory approval from the biden administration if he wants the deal to get done this year. will have to get doj antitrust sign off on it. that is what...
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Apr 24, 2024
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ellison says oracle is new to the health care scepter, but has the moral responsibility of helping with the problems. others are currently based in nashville, frank. >> that's really interesting i don't think big tech and nashville. we'll see. it started in austin a couple of years ago, and now look at it. >>> coming up here on "worldwide exchange," maneta looking to ke up its red hots run. the key factors that could keep driving gainsful we're ingog to break it all down meta shares up just over 2% right now. >>> welcome back to "worldwide exchange." we're watching shares of tesla's earnings after the close meta is one of the best-performing mag 7 stock this year the big question now is whether meta can sustain that balance between cost-cutting and data and a.ani, and metaverse. >>> alex, good morning hello from london. looking at the stock chart right now, meta shares up 40% year to date what are you listening to and looking for, and what do you think can keep this momentum going? >> it's run up so much on the year, right? up 43% on the year, $1.26 trillion market cap. so where is the
ellison says oracle is new to the health care scepter, but has the moral responsibility of helping with the problems. others are currently based in nashville, frank. >> that's really interesting i don't think big tech and nashville. we'll see. it started in austin a couple of years ago, and now look at it. >>> coming up here on "worldwide exchange," maneta looking to ke up its red hots run. the key factors that could keep driving gainsful we're ingog to break it all...
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Apr 25, 2024
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ellison dealt with the threat of cloud to the data base business, they are well positioned to deal with a.i. >> we have to leave the conversation there thank you. head of the thematic intelligence. >>> microsoft and alphabet will be the next members of the magnificent seven reporting after the bell today investors are expecting microsoft to grow 15% on the year with a mere 20% growth with the cloudy v division. google is expected to show growth on the year plenty to review stateside today. >> big inflafleflection point fe markets. i'm frank holland with silvia amaro. stay with us my name is ashley cortez and i'm the founder of the stay beautiful foundation when i started in 2016 i would go to the post office and literally fill out each person's name on a label and now with shipstation we are shipping 500 beauty boxes a month it takes less than 5 minutes for me to get all of my labels and get beauty in the hands of women who are battling cancer so much quicker shipstation the #1 choice of online sellers go to shipstation.com/tv and get 2 months free you've got xfinity wifi at home. ships
ellison dealt with the threat of cloud to the data base business, they are well positioned to deal with a.i. >> we have to leave the conversation there thank you. head of the thematic intelligence. >>> microsoft and alphabet will be the next members of the magnificent seven reporting after the bell today investors are expecting microsoft to grow 15% on the year with a mere 20% growth with the cloudy v division. google is expected to show growth on the year plenty to review...
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Apr 17, 2024
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well, it's the son of oracle co-founder and republican mega donor larry ellison. joining us now is cnbc.com's political finance reporter brian schwarz. this is a curious move, as you point out in one of your dispatches, brian. this is like one of george soros' sons contributing to donald trump >> yeah, it's big deal for the biden campaign, because really, this was an effort to get david ellison support that it was coming from people like jeffrey katzenberg, who was trying to get david to come to the biden team, leading to this $900,000 donation to the biden fund >> why did he flip >> we're not exactly sure whether he flipped or the reason he just came over from a policy perspective. again, this was a push that came from the biden side to get david ellison to come over and support joe biden. we have a scene in the story where david ellison came to an event, a private event featuring the president himself in december and that move to get him just to come to that event started with a little bit from katzenberg and other political donors just to get ellison to support
well, it's the son of oracle co-founder and republican mega donor larry ellison. joining us now is cnbc.com's political finance reporter brian schwarz. this is a curious move, as you point out in one of your dispatches, brian. this is like one of george soros' sons contributing to donald trump >> yeah, it's big deal for the biden campaign, because really, this was an effort to get david ellison support that it was coming from people like jeffrey katzenberg, who was trying to get david to...
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Apr 24, 2024
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larry ellison is making that decision because it's a bet on the future of what he can do after a big deal. this is bloomberg technology. ♪ caroline: you are looking at a live shot of the principal room. we are a month away from our live event in san francisco. this is bloomberg. ♪ ed: let's get back to the legislation involving tiktok. let's bring in alex barinka. we had that breaking news from the tiktok ceo basically saying whatever happens we are not going anywhere. he leaned on the idea that this was an issue of freedom of speech. you have written a smart piece in the last 24 hours about the 270-day timeline. the bill is signed into law but there is a curious chronological occurrence relating to inauguration day. explain your reporting. >> the bill gives 270 days for bytedance to separate from tiktok or face a ban, but the clause allows the president at the time to extend that for an additional 90 days. that deadline ends up being on january 19. you will know that is the day before inauguration day. regardless of what happens in this presidential election, president biden wil
larry ellison is making that decision because it's a bet on the future of what he can do after a big deal. this is bloomberg technology. ♪ caroline: you are looking at a live shot of the principal room. we are a month away from our live event in san francisco. this is bloomberg. ♪ ed: let's get back to the legislation involving tiktok. let's bring in alex barinka. we had that breaking news from the tiktok ceo basically saying whatever happens we are not going anywhere. he leaned on the idea...
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Apr 19, 2024
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of course the son of oracle founder, larry ellison there is a lot of action around paramount and misery guest jim lebenthal joining us now he owns it talk to me, goose. >> all right, brian. first off, great a block take a great raatorade block. there's a lot going on one whiskey tango fox trot going on operationally the company is doing better than expected generated free cash flow, have accelerated the time line for paramount+ and no near term maturities of debt until 2027. number one number two, people want to buy this company the news today, sony and apollo may team up to buy at a price that looks like it's in the low 20s. so this begs the question why is the stock down meaningfully this year and trading at roughly 12 times if apollo wants to buy it at 20 times. the answer is sherry redstone. for reasons of her own, she wants to do a deal with skydance the reasons may be legitimate to her. she wants to keep the name intact to honor her father she wants to get out of her a shares she has her own debt to deal with if she goes down the road of taking a substandard deal compared to the a
of course the son of oracle founder, larry ellison there is a lot of action around paramount and misery guest jim lebenthal joining us now he owns it talk to me, goose. >> all right, brian. first off, great a block take a great raatorade block. there's a lot going on one whiskey tango fox trot going on operationally the company is doing better than expected generated free cash flow, have accelerated the time line for paramount+ and no near term maturities of debt until 2027. number one...
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david ellison is leading the charge. thethe son of larry ellison. he has capital from media private equity firm. it has jeff shell involved, that is very important. they have always been the real bidder here, nobody else. apollo looked at this, the problem with apollo's bid, i reported this as well, they just want the studios. apparently they don't want to just sell the studios. you can't break this thing up. it is kind of a package deal. sky bird red bridge wants that package. what what we're saying these are exclusive talks. these are all, a lot of semantics here. they may only be talking with them for the next month. this deal could fall apart, liz like anything else. apollo could come back to bid for the whole thing not just the studios. here is why it could fall apart. this is stuff we've been reporting on the "the claman countdown." the common shareholders don't do well under this deal, the way it is structured. skydance pays 2 1/2, $3 billion for sheri redstone's 80% stake in national amusements, which controlling company has the controlling
david ellison is leading the charge. thethe son of larry ellison. he has capital from media private equity firm. it has jeff shell involved, that is very important. they have always been the real bidder here, nobody else. apollo looked at this, the problem with apollo's bid, i reported this as well, they just want the studios. apparently they don't want to just sell the studios. you can't break this thing up. it is kind of a package deal. sky bird red bridge wants that package. what what we're...
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Apr 4, 2024
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, son of billionaire oracle founder larry ellison. sounds real good, right? made it sound like a done deal even better. analysts raised the price target, one even upgraded the stock. but this morning david faber broke the story that thanks to the dire state of paramount's balance sheet here we go again the company might need to do an equity raise of up to $3 billion or else no deal. that, any friends, is bad. according to faber's reporting ellison and his partners would buy any equity raised but it wrote still be diluted for harlds. the market didn't care for this news and that's why the stock sunk giving back most of yesterday's gains. even if paramount gets a takeover bid it probably won't be a huge windfall for shareholders as nobody's crazy enough to pay up for this thing right now. people don't like this. by the way, great work again by my "squawk on the street" colleague david faber. given this how do our media rankings change? first i want to swap fox for disney at the top of the rankings with disney moving to second because it
, son of billionaire oracle founder larry ellison. sounds real good, right? made it sound like a done deal even better. analysts raised the price target, one even upgraded the stock. but this morning david faber broke the story that thanks to the dire state of paramount's balance sheet here we go again the company might need to do an equity raise of up to $3 billion or else no deal. that, any friends, is bad. according to faber's reporting ellison and his partners would buy any equity raised...
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Apr 24, 2024
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. >> the news was reported by nashville's paper after oracle co-founder larry ellison spoke at a conference there yesterday. ellison says the city was chosen after an employee survey and because of its big health care industry. oracle will also have headquarters in austin, texas. it moved there from redwood city in 2020. a new restaurant owned by reality tv star lisa vanderpump is officially open near lake tahoe. it's called wolf by vanderpump. okay the restaurant cocktail lounge, described as cabin chic, is inside of harveys lake tahoe hotel and casino. vanderpump will also be opening a third restaurant in vegas this year called pinky's by vanderpump. i met lisa vanderpump outside of her restaurant in caesars palace . oh wow. accidentally, once as i was waiting for a celine dion show. >> that must have been an experience. >> i really enjoyed seeing her. she had her dogs there. it was a whole thing. >> all right. cabin chic. looking good. well, several madonna fans want to see the singer again, but this time in court. a group of fans say her concert in washington, d.c. last december was sup
. >> the news was reported by nashville's paper after oracle co-founder larry ellison spoke at a conference there yesterday. ellison says the city was chosen after an employee survey and because of its big health care industry. oracle will also have headquarters in austin, texas. it moved there from redwood city in 2020. a new restaurant owned by reality tv star lisa vanderpump is officially open near lake tahoe. it's called wolf by vanderpump. okay the restaurant cocktail lounge,...
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Apr 24, 2024
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ceo larry ellison announcing that he plans to move the company to nashville, tennessee. ellison says this move is part of a goal to be closer to the epicenter of the health care industry. the architect, who designed apple park in cupertino, will also designed the new oracle campus in nashville. this announcement about the move comes four years after the company relocated from the peninsula to austin, texas, with help from because, >> it's very important for us, an east bay family desperately searching for answers after their teenage daughter was found dead in san francisco. >> joe and barry weather a bit of a temperature drop today. and right now, more low clouds and fog pushing back into the bay. this cool pattern, it wants to stick around and we'll have the update coming up. >> also, alameda county district attorney pamela price speaking on public safety tonight. later in the newscast, her town hall meeting with the community amid ongoing recall effort how their 15 year old daughter turned up dead in san francisco. they say their questions have been left unanswered. kt
ceo larry ellison announcing that he plans to move the company to nashville, tennessee. ellison says this move is part of a goal to be closer to the epicenter of the health care industry. the architect, who designed apple park in cupertino, will also designed the new oracle campus in nashville. this announcement about the move comes four years after the company relocated from the peninsula to austin, texas, with help from because, >> it's very important for us, an east bay family...
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elon musk, number two tech jeff bezos, retail and tech zuckerberg for tech larry ellison, tech finance , tech and ellison, tech finance, tech and pharma. i mean, there's a picture here. my worry , i picture here. my worry, i suppose, is that when it comes to tech, there aren't that many jobs in tech. >> i understand the worries, and ihave >> i understand the worries, and i have to say of the names that you that you listed, kudos to them. they're visionaries. yeah. and they've changed the world. and they've changed the world. and that's why they've made so much money. i would be very hesitant to and regulate hesitant to try and regulate earnings , try and regulate earnings, try and regulate wealth. we've seen it before. it always in disaster. the, always ends in disaster. the, the way to narrow the gap between rich and poor is aspiration. it's ambition. it's hard work and a level playing field. >> right. but is there something demoralising? >> i'm sorry. the level playing field. the thing that you got to at the end. yes, of course, which having this kind of ridiculous wealth prevents fr
elon musk, number two tech jeff bezos, retail and tech zuckerberg for tech larry ellison, tech finance , tech and ellison, tech finance, tech and pharma. i mean, there's a picture here. my worry , i picture here. my worry, i suppose, is that when it comes to tech, there aren't that many jobs in tech. >> i understand the worries, and ihave >> i understand the worries, and i have to say of the names that you that you listed, kudos to them. they're visionaries. yeah. and they've...
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Apr 24, 2024
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oracle ceo larry ellison announced plans to move the headquarters from austin, texas, to nashville, tennessee. ellison says it's part of his goal to be closer to the epicenter of the health care industry. now, the very same architect who designed apple park in cupertino will design the new oracle campus in nashville. four years ago, oracle relocated from redwood shores here in the bay area to texas as families of the people who were killed in the two deadly boeing 737 max jet crashes in 2018 and 2019, want the justice department to increase pressure on boeing. >> they argue the recent problems, including the plane door that blew out mid-flight, prove boeing has not met safety and quality requirements put in place after those deadly crashes. now, family members say they want the federal government to put an independent monitor in place to oversee boeing. boeing will pay $425 million to one of its main suppliers to address some of the issues at the company, spirit aerosystems says the money will help address problems including high inventory and low cash flows. spirit builds many of the fuselag
oracle ceo larry ellison announced plans to move the headquarters from austin, texas, to nashville, tennessee. ellison says it's part of his goal to be closer to the epicenter of the health care industry. now, the very same architect who designed apple park in cupertino will design the new oracle campus in nashville. four years ago, oracle relocated from redwood shores here in the bay area to texas as families of the people who were killed in the two deadly boeing 737 max jet crashes in 2018...
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Apr 9, 2024
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larry ellison, david's dad, would still be diluted to shareholders. >> who leads the special committee? >> it's a couple of directors. they're being advised by well-known investment bank. you want to create a record if you're that special committee, a really good strong record to withstand what is going to be an avalanche in litigation that you're inevitably going to get. you want to make sure you've got a great record that says, hey, we looked at everything. we did the right thing here. that takes the place really of a vote from the majority, the minority, if you have a special committee doing the work that it is doing. by the way, it may take a while. they're in exclusively. it doesn't mean they'll stay there. it's not clear that they're going to get a deal done in the next 20-some-odd days of exclu exclusivity. doesn't mean you can't extend it. we'll keep an eye on paramount shares, up fractionally. >> disney posts peltz, back to work. >> hugh johnston. >> cfo. >> jim, now it's just about delivering and executing. it's making sure the direct-to-consumer gets to the level of profitab
larry ellison, david's dad, would still be diluted to shareholders. >> who leads the special committee? >> it's a couple of directors. they're being advised by well-known investment bank. you want to create a record if you're that special committee, a really good strong record to withstand what is going to be an avalanche in litigation that you're inevitably going to get. you want to make sure you've got a great record that says, hey, we looked at everything. we did the right thing...
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Apr 17, 2024
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ellison, for example, and other members of the skydance group. red bird, kkr. what's skydance worth? it's a private company. you can't necessarily just do it on where they last raised capital. it's not the easiest thing to determine. it's something they will be able to, but it may take time. you've got to figure out what the status quo would mean for paramount. it's not just u, if we do this deal, but what is the status quo like if we do nothing and paramount paramount stays out there? you've got to deal with the control shareholder in shari redstone, and you've got to make sure that the numbers you're hearing from the skydance group, in terms of synergy, really cost-cutting, and i want to make it clear here in terms of previous reports, are real. i reported on synergies that could be as high as $3 billion. what i really should have said, and what should have been communicated more clearly was, that's mostly cost-cutting. the actual revenue synergies are smaller. 200 billion bucks, perhaps. the potential for significant cost cuts, that is major.
ellison, for example, and other members of the skydance group. red bird, kkr. what's skydance worth? it's a private company. you can't necessarily just do it on where they last raised capital. it's not the easiest thing to determine. it's something they will be able to, but it may take time. you've got to figure out what the status quo would mean for paramount. it's not just u, if we do this deal, but what is the status quo like if we do nothing and paramount paramount stays out there? you've...
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Apr 19, 2024
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familiar here in the bay area, he grew up here and is the son of oracle's larry ellison. apollo previously made a $26 billion offer to purchase paramount, but paramount chose to continue its talks with skydance. the terms of the new joint bid are still being worked out. it is a first for a company known for selling furniture and home decor online. wayfair has announced it is opening its first physical store next month. it will be about the size of a typical costco. it will be located in a shopping mall outside chicago. wayfair's expansion into a physical store is a bit of a gamble, though it has been struggling with sluggish sales online recently, and san jose based archer aviation says it will begin testing its electric car air taxi in india next year. archer says it is in the final stages of getting approval from the federal aviation administration in the us, which it expects will come through next year, after which it will seek clearances in india. the company says it will launch its first air taxis in new york, india will be the first international destination, the co
familiar here in the bay area, he grew up here and is the son of oracle's larry ellison. apollo previously made a $26 billion offer to purchase paramount, but paramount chose to continue its talks with skydance. the terms of the new joint bid are still being worked out. it is a first for a company known for selling furniture and home decor online. wayfair has announced it is opening its first physical store next month. it will be about the size of a typical costco. it will be located in a...
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Apr 17, 2024
04/24
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david ellison, sown of larry ellison, gave $929 million to back biden. it comes as his fiancee larry has refrained from donating in 2024. for context, larry donated $31 million to gp candidates during the 2022 congressional midterms. the move by the biden campaign to gain dauvd ellison's report was a move by biden's campaign manager. >>> meantime trump's criminal hush money trial continued yesterday in manhattan. the jury has partially been selected. the judge expected opening statements to begin on monday morning. >>> meantime the other piece of this that everyone's watching at least in our world is shares of trump media, which fell again sharply yesterday. closing down by nearly 14%. it's don 30% in the last two sessions. a sharp drop coming after the company announced a rollout. immediately afterward when we talked about this, the worldwide streaming plan would be a platform for content delivery. it jumped a couple percent and went the other way. the content expected to include, as they said, news networks, religious challenges, family-friendly conten
david ellison, sown of larry ellison, gave $929 million to back biden. it comes as his fiancee larry has refrained from donating in 2024. for context, larry donated $31 million to gp candidates during the 2022 congressional midterms. the move by the biden campaign to gain dauvd ellison's report was a move by biden's campaign manager. >>> meantime trump's criminal hush money trial continued yesterday in manhattan. the jury has partially been selected. the judge expected opening...
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Apr 29, 2024
04/24
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annmarie: ellison is larry ellison son and it looks like potentially this deal could go through. the market is -- it's interesting the market is rising. the office of the ceo unit come all the divisions are running the company. jonathan: it's been a push back around this story as well. we will catch up in about 15 minutes time. elon musk securing a crucial partnership during a surprise visit this morning. they are supporting self-driving and the partnership is helping tesla to clear to key hurdles in the biggest automobile market and passing a requirement in the stock is up by more than 12% in the premarket. sarah huntsman has been with us and will be with us for the next 30 minutes. we had this discussion earlier and the point was made about chinese trends dominating the market. tesla is a company we are talking about, up this morning. where you see the ability of u.s. firms competing in the chinese market effectively? how difficult will that be? sarah: i think it's quite difficult but i think with just what this demonstrates is 11 muska has an opportunity to say i want to do th
annmarie: ellison is larry ellison son and it looks like potentially this deal could go through. the market is -- it's interesting the market is rising. the office of the ceo unit come all the divisions are running the company. jonathan: it's been a push back around this story as well. we will catch up in about 15 minutes time. elon musk securing a crucial partnership during a surprise visit this morning. they are supporting self-driving and the partnership is helping tesla to clear to key...
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Apr 4, 2024
04/24
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, the son of larry. sumner redstone is the controlling -- of paramount. both agreed on the broad framework of the deal. they will use a 30 day window of occlusive talks to iron out the details. all of this according to sources. ed, when you deep dive on the market reaction, positive. analysts are saying there were questions and answers. ed: i'm more confused about the future of paramount. i know that's a copout but that's literally raising more questions than answers. one concern is this deal was done between voting rights shareholders. what about the nonvoting rights shareholders? it's very complicated. caroline: where is there value in a merged entity. rather than being split up as apollo is suggesting and taking bits of the assets. ed: and taking the library. caroline: real offers on the table is a key takeaway. that does it for this edition of "bloomberg technology." ed: quite a conversation with openai. check it out on the podcast. this is "bloomberg technology." ♪ do you want to close out? should
, the son of larry. sumner redstone is the controlling -- of paramount. both agreed on the broad framework of the deal. they will use a 30 day window of occlusive talks to iron out the details. all of this according to sources. ed, when you deep dive on the market reaction, positive. analysts are saying there were questions and answers. ed: i'm more confused about the future of paramount. i know that's a copout but that's literally raising more questions than answers. one concern is this deal...
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Apr 30, 2024
04/24
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david ellison's father, larry, is one of the richest men in the world. i do know the skydance people are getting frustrated by this process. they don't like the leaks to the media. think think it's become kind of a circus. the deadline is may 3rd. if there's no extension here, we can see resolution on this happening or not happening by the end of the week. >> okay. matt, thank you. matt bellamy. >>> coming up, takeaways on this morning's big pharma earnings. we'll speak thwi a top eli lilly analyst after a break. "squawk box" coming right back. ♪(fun music)♪ mom, can i help? camping was fun, but it looks we brought the woods back with us. if you're a mom, then you really need weathertech for mother's day. it's the ultimate way to kid proof your vehicle. from laser-measured floorliners for the front and rear... to cargoliner...seat protector... and seat back protectors... we've got mom's covered. your turn. (hose spraying and laughter) find all these american made gifts, perfect for mother's day, at wt.com it's your time to cache in... so don't just p
david ellison's father, larry, is one of the richest men in the world. i do know the skydance people are getting frustrated by this process. they don't like the leaks to the media. think think it's become kind of a circus. the deadline is may 3rd. if there's no extension here, we can see resolution on this happening or not happening by the end of the week. >> okay. matt, thank you. matt bellamy. >>> coming up, takeaways on this morning's big pharma earnings. we'll speak thwi a...
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Apr 8, 2024
04/24
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ellison would serve as the ceo of the combined company. his father, larry, a big co-founder is one of several names being footed for the role of chair. for a few fleeting moments today, americans will turn their gaze toward the sun as the path of a total eclipse tracks across cities from towns in texas to maine. the event will last for several hours but the main spectacle where the day turns to night is expected to last for about four minutes. get outside and get your glasses. areas along the path are fully booked. buffalo called it there super bowl. -- that is roughly the output of 30 nuclear reactors. that is your bloomberg brief. jonathan: amazing. guess who came in this morning prepared with glasses? guess who? >> and i bought one for each of you. >> thank you. i'm very excited. >> these are so cool. >> you aren't going to watch? jonathan: no. that's naptime, 2:00 p.m. >> don't look at the sun if you don't have the glasses. i've lectured my kids, time and time again. jonathan: is this a lecture for the kids this morning? lisa: if you a
ellison would serve as the ceo of the combined company. his father, larry, a big co-founder is one of several names being footed for the role of chair. for a few fleeting moments today, americans will turn their gaze toward the sun as the path of a total eclipse tracks across cities from towns in texas to maine. the event will last for several hours but the main spectacle where the day turns to night is expected to last for about four minutes. get outside and get your glasses. areas along the...