Larry Ellison cancels $7.5bn Oracle share sale

Sat, Sep 12 · 5:18 PM UTC 2 min read

Compiled by KHAO Editorial — aggregated from 5 sources. See llms.txt for citation guidance.

◌ Single Source

About-face comes a day after a filing revealed plans to sell up to 50mn shares by the end of October.

Summary

About-face comes a day after a filing revealed plans to sell up to 50mn shares by the end of October.

#Oracle

Full coverage

All sources for this story are listed below — KHAO's direct ingest only; no additional coverage was discovered via Google News.

Tier 1 — direct ingest

Financial Times Sep 12 · 17:18 UTC

About-face comes a day after a filing revealed plans to sell up to 50mn shares by the end of October.

Financial Times Sep 12 · 1:06 UTC

Founder to offload as many as 50mn shares as company posts higher revenue from data centres but faces investor fears it is overcommitted to AI.

CNBC Technology Sep 12 · 1:36 UTC

Oracle founder Larry Ellison has entered into a trading plan that would allow him to sell up to 50 million of his shares in the software company, or $7.5 billion worth of stock at the current price.

Bloomberg Sep 12 · 16:33 UTC

Oracle Corp. Chairman Larry Ellison canceled his plan to sell as many as 50 million shares in the tech company, a holding worth $7.5 billion, a day after the company disclosed the founder’s divestment plan.

CNBC Technology Sep 12 · 17:14 UTC

Larry Ellison has canceled his plan to sell up to 50 million of his shares in Oracle, or $7.5 billion worth of stock at the current price.