Larry Ellison nixes plan to offload up to $7.5 billion worth of Oracle stock — SkimNews
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- Larry Ellison canceled his plan to sell up to 50 million Oracle shares (~$7.5 billion at current price) one day after a regulatory filing disclosed the 10b5-1 plan, which was adopted June 22 and set to end Oct. 24
- Oracle confirmed in a Saturday release that no shares had been sold under the plan and that Ellison has no other plans to sell stock
- Ellison, 82, continues to control more than 40% of the company he founded in 1977, per CNBC
- Oracle has pivoted from legacy software into AI infrastructure, but the shift has come with heavy debt and a roughly 23% year-to-date stock decline
- Ellison has helped finance both the Skydance–Paramount merger and the proposed acquisition of Warner Bros. Discovery by his son David Ellison's Paramount Skydance — a deal currently stalled by a state attorneys general antitrust lawsuit
Why it matters: By scrapping the sale a day after disclosure, Ellison is choosing to hold rather than monetize ~$7.5B of Oracle equity while the stock is already down roughly 23% this year and the company carries heavy AI-infrastructure debt — either signaling confidence in the AI pivot or preserving stock for his family's separate Paramount Skydance financing needs, with no shares actually sold under the plan.
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