Larry Ellison's Daughter's Gaming Company Hit By Wave Of Mass Resignation: Staff Walkout Amid Spinoff Failure
Portfolio Pulse from Ananya Gairola
Annapurna Interactive, owned by Megan Ellison, daughter of Oracle co-founder Larry Ellison, faces a mass resignation of its entire staff, including top executives. This follows failed talks of a spinoff. Despite internal tensions, the company aims to support its partners and expand in the interactive space. Meanwhile, Oracle has seen growth in the cloud and AI sectors, boosting Larry Ellison's wealth.
September 16, 2024 | 4:24 am
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Oracle's co-founder Larry Ellison's daughter faces turmoil in her gaming company, Annapurna Interactive, with a mass resignation. However, Oracle itself is experiencing growth in the cloud and AI sectors, contributing positively to Larry Ellison's wealth.
The news highlights Oracle's growth in cloud and AI, which is a positive indicator for the company's stock. Although the turmoil at Annapurna Interactive is related to Larry Ellison, it does not directly impact Oracle's operations or financial performance.
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