{"id":846995,"date":"2026-09-14T02:16:24","date_gmt":"2026-09-14T02:16:24","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/846995\/"},"modified":"2026-09-14T02:16:24","modified_gmt":"2026-09-14T02:16:24","slug":"larry-ellison-cancels-7-5-billion-sale-of-oracle-stock","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/846995\/","title":{"rendered":"Larry Ellison cancels $7.5 billion sale of Oracle stock"},"content":{"rendered":"<p id=\"speakable-summary\" class=\"wp-block-paragraph\">Oracle co-founder and executive chairman Larry Ellison has canceled a planned sale of his Oracle stock, the company <a rel=\"nofollow noopener\" href=\"https:\/\/investor.oracle.com\/investor-news\/news-details\/2026\/Larry-Ellison-Cancels-His-Plan-to-Sell-Oracle-Stock\/default.aspx\" target=\"_blank\">announced<\/a> on Saturday.<\/p>\n<p class=\"wp-block-paragraph\">Oracle had previously disclosed in a regulatory filing that Ellison planned to sell 50 million shares worth around $7.5 billion, <a rel=\"nofollow noopener\" href=\"https:\/\/www.reuters.com\/business\/larry-ellison-cancels-plan-sell-oracle-stock-2026-09-12\/\" target=\"_blank\">according to Reuters<\/a>. The company did not offer a reason for the change in plans.<\/p>\n<p class=\"wp-block-paragraph\">\u201cNo Oracle stock was sold under that plan, and he has no other plans to sell any of his Oracle stock,\u201d the company said.<\/p>\n<p class=\"wp-block-paragraph\">Oracle stock is currently <a href=\"https:\/\/finance.yahoo.com\/quote\/ORCL\/\" rel=\"nofollow noopener\" target=\"_blank\">down 22%<\/a> since the beginning of the year. The company has been <a rel=\"nofollow noopener\" href=\"https:\/\/www.axios.com\/2026\/06\/11\/ai-oracle-data-center-earnings\" target=\"_blank\">spending heavily on data centers<\/a>, and it recently became one of <a href=\"https:\/\/techcrunch.com\/2026\/01\/23\/heres-whats-you-should-know-about-the-us-tiktok-deal\/\" rel=\"nofollow noopener\" target=\"_blank\">the major owners and security partners for TikTok\u2019s U.S. operations<\/a>.<\/p>\n<p class=\"wp-block-paragraph\">Ellison has also <a href=\"https:\/\/techcrunch.com\/2025\/12\/22\/paramount-renews-bid-for-warner-bros-ensuring-40-billion-larry-ellison-backing\/\" rel=\"nofollow noopener\" target=\"_blank\">used his wealth to back<\/a> his son David\u2019s acquisition of Warner Bros., which is currently being <a rel=\"nofollow noopener\" href=\"https:\/\/www.nytimes.com\/2026\/08\/24\/us\/california-bonta-paramount-warner-settlement-talks.html\" target=\"_blank\">contested in court<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Oracle co-founder and executive chairman Larry Ellison has canceled a planned sale of his Oracle stock, the company&hellip;\n","protected":false},"author":2,"featured_media":846996,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28,69141,25141],"class_list":["post-846995","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-larry-ellison","tag-oracle"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/846995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=846995"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/846995\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/846996"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=846995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=846995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=846995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}