Oracle · Financial Times

Larry Ellison to sell up to $7.5bn worth of Oracle stock

Sat, Sep 12 · 1:06 AM UTC 2 min read

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

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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.

Summary

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.

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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.

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.

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.