importantSYS.SOURCE: TechCrunch• 2026-09-13T20:49:38Z

Oracle Co-Founder Larry Ellison Abandons $7.5 Billion Stock Sale Plan

#oracle #stock sale #fundraising

Oracle co-founder Larry Ellison has canceled a planned $7.5 billion sale of his company's stock, as confirmed by the firm. The move comes amid a 22% year-to-date decline in Oracle's stock price and continued heavy investment in data centers and TikTok's U.S. operations.

Oracle had previously disclosed that Ellison planned to sell 50 million shares worth around $7.5 billion.

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