Larry Ellison wanted to buy the Golden State Warriors, the Oakland, California basketball team, and reportedly outbid the competition but then reportedly got aced out himself by a group led by Kleiner Perkins partner Joseph Lacob, a part owner of the Boston Celtics.

Ellison's partners in the deal were supposed to be the guys who already owned 20% of the franchise. His bid for the remaining 80%, according to the San Francisco Chronicle, was reportedly somewhere between $315 million and $401 million.

CNET reports that Oracle released a statement from Ellison saying, "Although I was the highest bidder, Chris Cohan decided to sell to someone else. In my experience, this is a bit unusual."