Larry Ellison cancels $7.5 billion sale of Oracle stock

Larry Ellison cancelled a previously announced sale of 50 million Oracle shares valued at roughly $7.5 billion, and Oracle confirmed no shares were sold and he has no further sale plans. The decision comes as Oracle’s stock has fallen 22% year-to-date while the company expands data-center capacity and partners on TikTok’s U.S. operations. Ellison’s recent activities include financing his son David’s contested bid to acquire Warner Bros.