{"id":3491805,"date":"2026-09-13T20:49:38","date_gmt":"2026-09-13T20:49:38","guid":{"rendered":"https:\/\/techingeek.com\/index.php\/2026\/09\/13\/larry-ellison-calls-off-7-5-billion-oracle-stock-sale\/"},"modified":"2026-09-13T20:49:38","modified_gmt":"2026-09-13T20:49:38","slug":"larry-ellison-calls-off-7-5-billion-oracle-stock-sale","status":"publish","type":"post","link":"https:\/\/techingeek.com\/index.php\/2026\/09\/13\/larry-ellison-calls-off-7-5-billion-oracle-stock-sale\/","title":{"rendered":"Larry Ellison calls off $7.5 billion Oracle stock sale"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/techingeek.com\/wp-content\/uploads\/2026\/09\/larry-ellison-calls-off-7-5-billion-oracle-stock-sale.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\">Larry Ellison, co-founder and executive chairman of Oracle, has scrapped a scheduled sale of his Oracle shares, as announced by the company on Saturday.<\/p>\n<p class=\"wp-block-paragraph\">Earlier, Oracle had revealed in a regulatory document that Ellison intended to offload 50 million shares valued at approximately $7.5 billion, according to Reuters. The company did not provide an explanation for this alteration in plans.<\/p>\n<div class=\"ad-unit ad-unit--mobile ad-unit--has-placeholder ad-unit--display wp-block-tc-ads-ad-slot has-background has-gray-100-background-color\">\n<\/div>\n<div class=\"ad-unit ad-unit--desktop ad-unit--native wp-block-tc-ads-ad-slot\">\n<\/div>\n<p class=\"wp-block-paragraph\">&#8220;Under that proposal, no Oracle stock was sold, and he has no further intentions to sell any of his Oracle shares,&#8221; stated the company.<\/p>\n<p class=\"wp-block-paragraph\">As of Sunday afternoon&#8217;s publication, Oracle shares have declined by 22% since the year&#8217;s start. The company has been investing significantly in data centers and has recently become a prominent owner and security collaborator for TikTok\u2019s operations in the U.S.<\/p>\n<p class=\"wp-block-paragraph\">Ellison has also leveraged his fortune to support his son David\u2019s takeover of Warner Bros., which is currently facing legal challenges.<\/p>\n","protected":false},"excerpt":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/techingeek.com\/wp-content\/uploads\/2026\/09\/larry-ellison-calls-off-7-5-billion-oracle-stock-sale.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\">Larry Ellison, co-founder and executive chairman of Oracle, has scrapped a scheduled sale of his Oracle shares, as announced by the company on Saturday.<\/p>\n<p class=\"wp-block-paragraph\">Earlier, Oracle had revealed in a regulatory document that Ellison intended to offload 50 million shares valued at approximately $7.5 billion, according to Reuters. The company did not provide an explanation for this alteration in plans.<\/p>\n<div class=\"ad-unit ad-unit--mobile ad-unit--has-placeholder ad-unit--display wp-block-tc-ads-ad-slot has-background has-gray-100-background-color\">\n<\/div>\n<div class=\"ad-unit ad-unit--desktop ad-unit--native wp-block-tc-ads-ad-slot\">\n<\/div>\n<p class=\"wp-block-paragraph\">&#8220;Under that proposal, no Oracle stock was sold, and he has no further intentions to sell any of his Oracle shares,&#8221; stated the company.<\/p>\n<p class=\"wp-block-paragraph\">As of Sunday afternoon&#8217;s publication, Oracle shares have declined by 22% since the year&#8217;s start. The company has been investing significantly in data centers and has recently become a prominent owner and security collaborator for TikTok\u2019s operations in the U.S.<\/p>\n<p class=\"wp-block-paragraph\">Ellison has also leveraged his fortune to support his son David\u2019s takeover of Warner Bros., which is currently facing legal challenges.<\/p>\n","protected":false},"author":2,"featured_media":3491806,"comment_status":"open","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3491805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/posts\/3491805"}],"collection":[{"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/comments?post=3491805"}],"version-history":[{"count":0,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/posts\/3491805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/media\/3491806"}],"wp:attachment":[{"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/media?parent=3491805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/categories?post=3491805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/tags?post=3491805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}