Larry Ellison cancels $7.5 billion sale of Oracle stock

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1. 1d ago

   Larry Ellison Cancels Planned $7.5 Billion Oracle Stock Sale

   Oracle co-founder and Executive Chairman Larry Ellison canceled a planned trading arrangement to offload up to $7.5 billion worth of Oracle stock. The cancellation removes potential selling pressure while the technology company expands its artificial intelligence infrastructure. Ellison pulled the trading plan before executing any share sales. Oracle disclosed the reversal on a Saturday but did not provide an official explanation for the sudden cancellation. Despite the halted stock sale, Oracle shares slid 5 percent following surprise layoff costs.

   Why it matters

   The cancellation follows a difficult period for Oracle shares, which recently suffered their worst week in nearly two months. Retail investors initially viewed the decision to scrap the multi-billion-dollar stock sale as a bullish signal. However, market enthusiasm was tempered by broader financial pressures and layoff costs facing the technology firm.

   What is confirmed

   • Larry Ellison canceled a planned sale of up to $7.5 billion worth of Oracle stock.
   • The halted trading plan involved about 50 million Oracle shares.
   • Ellison scrapped the plan before a single share was sold.
   • Oracle shares slid 5 percent as layoff costs outweighed the canceled stock sale.

   Still unconfirmed

   • The cancellation came one day after regulators made the plan public, closely following a reported $200 billion drop in Ellison's net worth over a year.

   What to watch next

   • Whether Oracle issues a formal explanation for the canceled stock sale
   • Further movement in Oracle share prices amid ongoing AI infrastructure expansion costs
   Sources used for this update (11)

   1. WSJ — Larry Ellison Scraps Plan to Sell Up to $7.5 Billion Worth of Oracle Stock
   2. Oracle - Investor Relations — Larry Ellison Cancels His Plan to Sell Oracle Stock
   3. CNBC — Oracle's Larry Ellison adopts trading plan to sell up to $7.5 billion worth of stock
   4. CNBC — Larry Ellison nixes plan to offload up to $7.5 billion worth of Oracle stock
   5. Reuters — Larry Ellison cancels plan to sell Oracle stock
   6. TechCrunch — Larry Ellison cancels $7.5 billion sale of Oracle stock
   7. finance.yahoo.com — ORCL Slides After Worst Week In Nearly 2 Months — But Larry Ellison Canceling His Stock Sale Is Keeping Retail Bullish
   8. qz.com — Larry Ellison scrapped a plan to sell $7.5 billion in Oracle stock before a single share was sold
   9. 247wallst.com — Larry Ellison Cancels Plan To Sell $7.5 Billion In Oracle Stock After His Net Worth Dropped $200 Billion In A Year
   10. 247wallst.com — Oracle Slides 5% as Layoff Costs Outweigh Ellison’s Canceled $7.5B Stock Sale; Nebius and CoreWeave Fall 5%
   11. www.tekedia.com — Larry Ellison Cancels Planned $7.5 Billion Oracle Stock Sale as Shares Slide
   confidence 95%