Larry Ellison is a very rich man. He is a billionaire, which means he has a lot of money. He has more than a billion dollars. Because he is so rich, he is very well-known.
Mr. Ellison wants to buy a company that reports the news. News companies tell people what is happening in the world. They have newspapers, TV channels, and websites.
If he buys the company, Mr. Ellison will be very powerful. He will be able to decide what news people see and hear. This is a very important job and gives him a lot of control.