Larry Ellison Abandons Massive Stock Sale Amid Oracle's Declining Shares
By Editor • September 13, 2026 • 1 min read
In a surprising turn of events, Larry Ellison, co-founder and executive chairman of Oracle, has decided to cancel his previously announced sale of 50 million shares of Oracle stock, valued at approximately $7.5 billion. The announcement was made by the company on Saturday, leaving many to speculate about the implications of this abrupt change.
Oracle's official statement clarified that no shares were sold under the canceled plan and confirmed that Ellison has no immediate intentions to divest any of his Oracle holdings. This decision comes at a time when Oracle's stock has been underperforming, having dropped 22% since the start of the year, raising concerns among investors.
The company has been investing heavily in data centers and has recently taken on a significant role as a security partner for TikTok's U.S. operations. Furthermore, Ellison has been in the spotlight for financially supporting his son David's controversial acquisition of Warner Bros., which is currently facing legal challenges.
Source: techcrunch.com
