Larry Ellison, Oracle’s founder, chief technology officer, and largest shareholder, met with Palantir chairman Peter Thiel for lunch in 2016 to talk about Oracle buying Thiel’s company, Bloomberg reported.
Details about the secret meeting came out of a court testimony from Palantir investor Marc Abramowitz, who is suing Palantir over allegations that he was prevented from selling his stake in the data mining company.
Ellison and Thiel’s lunch was set up by Abramowitz and Michael Ovitz, a former executive at Walt Disney, to help the two companies broker a deal, according to Abramowitz’s testimony. But the buyout never went through.
Abramowitz also testified that Goldman Sachs pitched Palantir on the idea of going public in 2015 with a $US30 billion offering, Bloomberg reported.
Oracle declined a request from Business Insider for comment. Palantir did not immediately respond to a request for comment.