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Larry Ellison

September 10, 2019

Purdue Pharma expected to file for bankruptcy as settlement talks stall, family-owned Geely takes stake in German flying taxi start-up and Oracle’s Larry Ellison steps in to save daughter’s film production company.

Purdue Pharma expected to file for bankruptcy as settlement talks stall

The Sackler family, owners of Oxycontin-maker Purdue Pharma, have rejected a deal that would see them give up $4.5 billion of their personal wealth to settle multiple lawsuits against their company, according to two state attorneys general negotiating with the company.

January 11, 2019

Billionaire Oracle founder reveals $1 billion stake in Tesla, Toyota lifts the lid on its Guardian system, Vedanta Group chairman rules out family succession.

Billionaire Oracle founder reveals $1 billion stake in Tesla

Larry Ellison (pictured), billionaire founder of multinational tech company Oracle, has acquired a $1 billion stake in Tesla through his family office, the Lawrence J. Ellison Revocable Trust.

According to paperwork Ellison filed with the US and Exhange Commission on Tuesday, the 74-year-old indirectly owns 3 million Tesla shares through the trust which makes investments on his behalf.

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