Larry Ellison cancels $7.5 billion sale of Oracle stock

Oracle co‑founder and executive chairman Larry Ellison has called off a previously announced plan to sell 50 million shares of the company, a transaction that would have been valued at roughly $7.5 billion. The cancellation was disclosed by Oracle on Saturday, noting that no shares were sold under the original plan and that Ellison has no further intention to dispose of any of his Oracle holdings. The decision follows a regulatory filing that had revealed the intended sale, but the company offered no explanation for the abrupt change.

The move comes amid a turbulent year for Oracle’s stock, which has slipped about 22 percent since the start of 2026. The decline occurs as the firm continues to pour capital into expanding its data‑center infrastructure and has recently taken on a prominent role as a major owner and security partner for TikTok’s U.S. operations. Ellison’s personal financial activities have also attracted attention; he has been financing his son David’s contested bid to acquire Warner Bros., a deal currently embroiled in litigation.

While Oracle did not elaborate on the reasons behind the aborted sale, the cancellation eliminates a potentially significant supply of shares that could have further pressured the already weakened stock price. Investors and market observers will be watching whether the decision signals confidence in the company’s long‑term prospects or simply reflects a strategic reassessment by Ellison. The episode underscores the broader challenges Oracle faces as it balances heavy capital expenditures, high‑profile partnerships, and the personal financial maneuvers of its leading shareholder.

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