Ellison cancels planned Oracle share sale

Saturday, September 12, 2026 · 4:33 PM UTC

Oracle Chairman Larry Ellison canceled a plan to sell as many as 50 million Oracle shares, valued at $7.5 billion, one day after the company disclosed the founder's planned divestment, Bloomberg reported. The sealed summary does not state why he canceled the plan or whether any shares had been sold.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.

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