Ellison reportedly mulls bid for sports-entertainment empire
Larry Ellison has apparently not given up on his dream of owning an NBA team.
The Oracle chief executive is considering a potential bid for Anschutz Entertainment Group, a sports and entertainment empire that holds an ownership stake in the Los Angeles Lakers, according to a Reuters report. Ellison, who recently plunked down a reported $500 million for a Hawaiian island, would likely have to pony up around $10 billion for AEG, which is owned by fellow billionaire Phil Anschutz.
CNET has contacted Oracle for comment and will update this report when we learn more.
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