Larry Ellison is close to acquiring the Warriors from the team's current owner, Chris Cohan, sources close to the negotiations said Tuesday night.

According to those sources, Ellison, CEO of Oracle Corp., outbid 24-Hour Fitness founder Mark Mastrov, among others. If the current deal is completed, Ellison would control 80 percent of the franchise, and incumbent minority owners Michael Marks, Jim Davidson, John Thompson and Fred Harman would retain their stakes.