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A comment on Oracle Moving HQ to Austin. Parent comment

Re:Oracle Moving HQ to Austin by adventured on Friday December 11, 2020 @05:01PM (#25391836)
It's particularly interesting given Ellison and Musk have become close in recent years, with Ellison buying a large chunk of Tesla and joining the board (now a $9.5 billion personal holding). Zero chance these moves weren't widely discussed between them over time.
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Re:Oracle Moving HQ to Austin by skinnymuch on Friday December 11, 2020 @06:29PM (#25393107)
That sounds like a big personal holding. But if he bought it in Early and mid 2019, then he probably spent under a billion for his stake. Which for him isn’t much.

1.5% of the company is still a solid portion. Especially if Musk ever needs to sell shares for some reason and needs an ally with substantial ownership to align with him for continued control

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