# Ellison cancels planned Oracle share sale

_Saturday, September 12, 2026 at 12:33 PM EDT · Products · Latest · Tier 2 — Notable_

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.

## Sources

- [Bloomberg Technology](https://www.bloomberg.com/news/articles/2026-09-12/larry-ellison-scraps-plan-to-sell-up-to-50-million-oracle-shares)

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Retrieved: 2026-09-12T21:55:55.534Z
Publisher: Tech & Business (techandbusiness.org)