Oracle's Ellison Eyes Golden State Warriors

Oracle CEO Larry Ellison is outbid for the NBA Golden State Warriors.
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NEW YORK (

TheStreet

) --

Oracle

(ORCL) - Get Report

CEO Larry Ellison plans to buy the Golden State Warriors basketball team from owner Chris Cohan, according to several reports.

The San Francisco Chronicle

reported Wednesday that Ellison would be willing to pay between $315 million to more than $401 million for the team.

Apparently Ellison outbid several other prospective buyers, including Mark Mastrov, the founder of

24-Hour Fitness

.

Oracle owns the naming rights of the Oracle Arena in Oakland where the Warriors play. If the deal goes through, Ellison would own 80% of the franchise.

Oracle shares are up 1.4% at $24.04 today.

-- Reported by Theresa McCabe in Boston.

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