Larry Ellison: Last News

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).

Dade Hayes, Dino-Ray Ramos TikTok has found a new home. Oracle Corporation has won the bidding war for the popular meme-making, video-sharing app TikTok.