Larry Ellison cancels planned US$7.5 billion Oracle share sale
Oracle says no shares were sold under the proposed plan and that its executive chairman has no other current plans to sell.
Oracle executive chairman Larry Ellison has cancelled a planned sale of 50 million shares in the software company valued at about US$7.5 billion.
Oracle said no shares were sold under the plan and that Ellison currently has no other plans to sell his Oracle stock. The company did not give a reason for the cancellation.
The proposed transaction had previously been disclosed in a regulatory filing. The US$7.5 billion figure was an approximate valuation based on the planned number of shares.
Oracle shares were down 22% since the start of 2026 at the time of TechCrunch’s report, although that performance is subject to change.
The company has been spending heavily on data centres and is an owner and security partner for TikTok’s US operations. Ellison has also backed his son David Ellison’s acquisition of Warner Bros., which is being contested in court.
