Larry Ellison cancels $7.5 billion sale of Oracle stock - TechCrunch — SkimNews
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- Larry Ellison canceled his plan to sell up to $7.5 billion worth of Oracle stock, according to TechCrunch, Reuters, and Oracle's own Investor Relations release.
- Ellison had previously adopted a trading plan to sell as much as $7.5 billion in Oracle shares, making the cancellation a reversal of that stated divestment arrangement.
Why it matters: Ellison's reversal means he will retain the Oracle shares his trading plan had earmarked for sale, though the source headlines do not state a reason for the change in intent.
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