Warner Bros. Discovery plans to reject Paramount's latest $108 billion offer, even after Larry Ellison agreed to personally guarantee the deal. The WBD board considers a deal with Netflix more favorable, despite increased termination fees and financing guarantees from Paramount.
Oracle co-founder Larry Ellison became the central figure of business events in 2025, surpassing Elon Musk. His fortune grew by $89 billion in one day, temporarily making him the richest person in the world.
2025 was a record-breaking profitable year for billionaires: their combined wealth grew by $3. 6 trillion to $18.7 trillion, thanks to the boom in AI and tech sector investments. Elon Musk increased his fortune by $333.2 billion, reaching $754 billion, becoming the first person with a fortune exceeding $700 billion.
Paramount Skydance revised its takeover bid for Warner Bros. Discovery, including Larry Ellison's personal financing of $40.4 billion and an increased breakup fee. However, WBD's fifth-largest shareholder, Harris Oakmark, considers the changes insufficient, demanding a greater incentive.
The approaching deadline for a possible sale of TikTok in the US keeps potential investors in 'limbo'. The US is preparing to extend the deadline for the sale of the platform's American assets for the fifth time, causing uncertainty among interested parties.
US President Donald Trump has expressed concern about Netflix's planned $72 billion acquisition of Warner Bros. Discovery Inc. He noted that the combined company's large market share could create antitrust issues.
David Ellison's Paramount Skydance is the leading contender to acquire Warner Bros. Discovery, despite an initial offer being rejected. The potential deal could be worth up to $74 billion, making it the largest in the media industry in the last decade.
Elon Musk, the founder of Tesla and SpaceX, has become the first person in the world whose net worth has reached $500 billion. His fortune stands at $499.1 billion as of October 1, 2025, surpassing Larry Ellison by $150 billion.
Elon Musk spent about $1 billion to acquire Tesla shares, which led to a nearly 6% rise in the electric car manufacturer's securities. Investors reacted positively to this move, seeing it as Musk's faith in the future of the business.
Larry Ellison's fortune grew by $101 billion, reaching $393 billion. This allowed him to become the richest person in the world for the first time, surpassing Elon Musk.
Pop Mart CEO Wang Ning, creator of the Labubu toy, ranked 86th in the Bloomberg Billionaires Index. His fortune has grown more than threefold, reaching 27.5 billion US dollars.
Larry Ellison for the first time took second place among the world's richest people, surpassing Mark Zuckerberg. This happened after the rise in Oracle Corp shares, which increased his fortune to $251.2 billion.
