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|15th October 2012, 07:24||#1|
Join Date: May 2010
Ellison's Empire is expanding
Oracle's Larry Ellison appears to be expanding his business empire and wants to become a big player on the Big Content bandwagon.
According to Reuters, Ellison, who recently bought a Hawaiian island, is trying to buy Anschutz Entertainment Group (AEG), from his mate Phil Anschutz for $10 billion.
But the move does not appear to be an attempt to put entertainment content on any Oracle clouds, but more of a way that Ellison can get to buy sports teams.
While many people just invest in Subbuteo, Ellison has not had much luck buying a real team. AEG would allow him to buy and relocate a National Football League team to Los Angeles.
AEG's assets include stakes in the Los Angeles Lakers NBA franchise, the LA Kings pro hockey team, more than 100 worldwide entertainment and sports venues, and the AEG Live concert promotion business.
Of course there are lots of others interested in buying. There are investment firm Guggenheim Partners and Dr Who villains Bain Capital.
Biotech billionaire Patrick Soon-Shiong has also said he would bid on AEG to use its sports and concert assets to promote a healthy lifestyle to LA citizens and a healthy bank balance for himself.
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