Feeds

Ellison loses bid for US basketball franchise

Warriors SoNotLarry's

Seven Steps to Software Security

Larry Ellison, as you all know, is accustomed to getting his way. But even the richest billionaire in Silicon Valley can't always get what he wants. And so it is with Ellison's desire to own the Golden State Warriors, where the chief executive officer of Oracle missed the jump ball to a Joe Lacob, a partner at Silicon Valley venture capital hot-shot Kleiner Perkins Caufield & Byers.

Perhaps it is a kind of revenge from Menlo Park? Perhaps Ellison should have bid on the Phoenix Suns instead? Perhaps some of the money that Lacob had to play with came from the fact that Kleiner Perkins was an early investor in the darling of the dot-com era, Sun Microsystems?

Ellison has wanted to own the Warriors for some time now, and at a press conference in the wake of the acquisition of Sun Microsystems in late January, there were almost as many questions from what was presumably a hand-picked crowd about Ellison's America's Cup yacht team and his impending bid for the Warriors as there were about what Oracle would do with Sun. Oracle has the naming rights to the Warrior's stadium in Oakland already, which is across the San Francisco bay from the hardware software giant's Redwood City headquarters.

According to various reports, Lacob outbid Ellison with a $450m bag of cash. This is the most money anyone has paid for a basketball team, the previous record being the $401m in cash that Robert Sarver, a San Diego banker, paid for the - wait for it - Phoenix Suns in 2004.

Maybe Ellison should set his sights on the Raiders? This seems more appropriate in so many ways. ®

Boost IT visibility and business value

More from The Register

next story
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Mobile application security vulnerability report
The alarming realities regarding the sheer number of applications vulnerable to attack, and the most common and easily addressable vulnerability errors.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.