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Oracle Founder Larry Ellison's Failed Bid to Buy Apple and Reinstall Steve Jobs

Oracle co-founder Larry Ellison once planned a $5 billion hostile takeover of Apple with the intention of reinstating Steve Jobs as CEO, even arranging to borrow the entire sum. However, Jobs reportedly declined the offer, stating he did not need more money.

20 Jul, 03:37 — 20 Jul, 03:37
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Times of IndiaMostly Factual29d ago

Oracle founder wanted to buy Apple & fire its CEO, but Steve Jobs stopped him

Oracle co-founder Larry Ellison once planned to buy Apple for $5 billion and reinstall Steve Jobs as CEO, revealing he had arranged to borrow the entire sum. But Jobs refused the hostile takeover, telling Ellison "I don't need any more money" and choosing the moral high ground. He returned instead via Apple's NeXT acquisition, becoming interim CEO in 1997 and rebuilding Apple into a trillion-dollar giant.

By TOI TECH DESK

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