GoKawiilLarry Ellison scraps planned $7.5 billion Oracle stock sale
Oracle announced Saturday that executive chairman Larry Ellison has called off a plan to sell 50 million of his shares, worth roughly $7.5 billion, that had been disclosed in an earlier regulatory filing. The company said no shares were sold under the plan and that Ellison has no other plans to sell Oracle stock, without explaining the reversal.
GoKawiil's interpretation of the reporting above, not reported fact.
The reversal comes as Oracle shares have fallen 22% this year amid heavy spending on data centers and Ellison's growing role in high-profile ventures, including Oracle's stake in TikTok's U.S. operations and backing his son's contested bid for Warner Bros. Canceling such a large sale signals continued confidence in Oracle's stock despite its recent decline, and avoids adding selling pressure at a sensitive moment for the company.
- Ellison canceled a planned sale of 50 million Oracle shares worth about $7.5 billion.
- No reason was given for the abrupt change, and Oracle says he has no other sale plans.
- The move comes amid a 22% stock decline this year and Ellison's expanding involvement in TikTok and Warner Bros. dealings.
Source: techcrunch.com — Anthony Ha, 2026-09-13
Published there as: “Larry Ellison cancels $7.5 billion sale of Oracle stock”
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