Ellison Scraps Plan to Sell $7.5bn Oracle Stock — SkimNews
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- Larry Ellison filed plans to sell up to $7.5bn worth of Oracle stock — as many as 50 million shares — per the Financial Times and Bloomberg.
- Oracle's investor relations team confirmed that Ellison has since cancelled his share-sale plan, with Bloomberg separately reporting the proposed sale was scrapped.
Why it matters: Ellison's reversal converts a headline $7.5bn insider disposal — up to 50 million Oracle shares — into a non-event for Oracle shareholders. With Oracle's own investor relations confirming the cancellation rather than a press leak, the company's official statement becomes the definitive record over the earlier report of the planned sale.
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