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Oracle CEO Planning to Buy, Move NBA Team to San Jose

By Sajid Farooq

Credit: sharequotes.us

Oracle CEO Planning to Buy, Move NBA Team to San Jose

March 20, 2012 Updated Mar 20, 2012 at 4:28 PM PDT

(NBC Bay Area) Two years after being shunned by Chris Cohan and the Golden State Warriors, Oracle CEO Larry Ellison is determined to make his dream of owning an NBA team real.

One of the world's richest men is reportedly in advanced talks to purchase the struggling Memphis Grizzlies.

The Memphis Commercial Appeal reported that Ellison has an agreement in principle with billionaire owner Michael Heisley to purchase the team.

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