This Month
Ellison’s $13b Skydance deal with Paramount approved (with a twist)
The merger of Skydance, owned by the son of Oracle boss Larry Ellison, and Paramount, which owns Network Ten has several strings attached by Donald Trump’s hand-picked regulator.
Ellison overtakes Zuckerberg as world’s second-richest person
The billionaire’s wealth got a huge boost as shares in his tech company, Oracle, soared on the back of investment in AI.
Enemies and scandal: How F1’s Christian Horner ran out of road
Red Bull fired its racing chief after poor performances on the track and an exodus of key staff. Now it faces an uncertain future.
May
Deja vu? Elizabeth Holmes’ partner has a blood-testing start-up
Billy Evans has two children with the jailed Theranos founder. He’s now trying to raise money for a new firm that promises “human health optimisation”.
March
Bill Ackman joins top tennis players’ pay fight
Novak Djokovic, Nick Kyrgios and other tennis stars are suing the sport’s governing bodies, accusing them of running a cartel.
February
Corporate America cosies up to Musk with billion-dollar deals
Companies from Boeing to Amazon have sought out the world’s richest man as he seeks to remake the US government.
January
Australia’s head not in the AI game
The prime minister’s rambling answer to a press club question on Australia’s engagement in the AI arms race shows how complacent political and business leaders are.
Trump says Musk or Ellison can buy TikTok
The President said he would be open to the US billionaires purchasing social video app TikTok as part of a joint venture with the US government.
Musk added more wealth than Greece last year as richest breach $16trn
Elon Musk stretched his lead over Jeff Bezos as the world’s richest last year, but there were some notable losers, including the French.
December 2024
Denholm on Musk: He’s entitled to his opinion, I’m entitled to mine
Robyn Denholm rose from obscurity to become the highest-profile Australian in business. But overseeing the world’s richest man as Tesla chair is no easy thing.
September 2024
RBA ‘punching itself’; Surcharging rort; Power couple offer villa
Read everything that’s happened in the news so far today.
Oracle billionaire Larry Ellison is Network Ten’s new owner
New documents reveal the billionaire will control 77.5 per cent of Network Ten’s ultimate owner. But this does not end the uncertainty for the home of MasterChef.
March 2024
Cheat sheet: what Nvidia has launched, and why so many people care
Everyone knows that Nvidia is the most important company in the AI world right now, but what did it actually release on Tuesday, and what does it do?
July 2023
Denholm, Murdoch and Musk on the hook as Tesla board pays back $1.1b
Sydney-based Robyn Denholm, James Murdoch and Elon Musk are among Tesla board members who have agreed to pay back hundreds of millions of dollars in remuneration.
May 2023
‘Positive’ Scott takes on Trump in presidential race
Tim Scott, the only Black Republican in the US Senate, is campaigning on a message of optimism and unity in a crowded field for the presidential nomination.
Elizabeth Holmes loses final bid to stay out of prison
Another court also ordered the disgraced Theranos boss to pay $US452 million in restitution to the victims of her crimes.
January 2023
Looming Twitter interest payment leaves Musk with unpalatable options
How the billionaire deals with the acquisition debt load is a crucial test of his leadership of Twitter, which has so far been marked by chaotic management that has alienated its corporate advertisers.
December 2022
Musk seeks to sell shares as Twitter bleeds cash
Investors have been approached to purchase stock at the $US54.20 buyout price as the billionaire searches for new funds.
Theranos executive sentenced to 13 years for fraud
Ramesh “Sunny” Balwani was given a longer jail sentence than his former business partner Elizabeth Holmes over the blood-testing hoax.
October 2022
Twitter bid at agreed price would boost trust in fair dealing
A deal at the original price would not only benefit jaded Twitter investors, it would also show that US capitalism is robust enough to ensure tycoons keep their side of a bargain.