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Larry Ellison cancels plan to sell up to US$7.5 billion in Oracle stock
Oracle founder Larry Ellison has cancelled a proposed sale of up to US$7.5 billion worth of shares in the software company, CNBC reports.
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Owen Mercer
Markets and Finance Editor
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Source: CNBC · View original source
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Oracle founder Larry Ellison has cancelled a plan to sell up to US$7.5 billion worth of stock in the software company, according to CNBC.
The reported cancellation concerns a proposed sale of Oracle shares. The source does not provide the precise number of shares covered by the plan or indicate whether any shares had already been sold.
No reason is given for the decision, and the available material does not state when the cancellation occurred.
Ellison founded Oracle, which is a software company. CNBC’s report is not accompanied in the supplied material by a supporting filing or further detail.
