Larry Ellison cancels $7.5 billion sale of Oracle stock

In Brief Posted: 1:49 PM PDT · September 13, 2026 Image Credits: Kim Kulish/Corbis / Getty Images Anthony Ha Larry Ellison cancels $7.5 billion sale of Oracle stock Oracle co-founder and executive chairman Larry Ellison has canceled a planned sale of his Oracle stock, the company announced on Saturday. Oracle had previously disclosed in a regulatory filing that Ellison planned to sell 50 million shares worth around $7.5 billion, according to Reuters . The company did not offer a reason for the change in plans. “No Oracle stock was sold under that plan, and he has no other plans to sell any of his Oracle stock,” the company said. As of publication time on Sunday afternoon, Oracle stock is down 22% since the beginning of the year. The company has been spending heavily on data centers , and it recently became one of the major owners and security partners for TikTok’s U.S. operations . Ellison has also used his wealth to back his son David’s acquisition of Warner Bros., which is currently being contested in court . Topics Fundraising , Larry Ellison , oracle October 13 – 15 San Francisco Last day to book an exhibit table is September 18. Don’t miss out on high-impact leads, investor access, and a brand spotlight in Disrupt’s Expo Hall. BOOK NOW Newsletters See More Subscribe for the industry’s biggest tech news TechCrunch Daily News Every weekday and Sunday, you can get the best of TechCrunch’s coverage. TechCrunch Mobility TechCrunch Mobility is your destination for transportation news and insight. Startups Weekly Startups are the core of TechCrunch, so get our best coverage delivered weekly. StrictlyVC Provides movers and shakers with the info they need to start their day. No newsletters selected. Subscribe By submitting your email, you agree to our Terms and Privacy Notice . Related Venture The 9 buzziest startups from Y Combinator’s latest Demo Day, according to VCs Marina Temkin Dominic-Madori Davis 42 minutes ago AI What’s behind the AI industry’s latest warnings of doom? Anthony Ha 1 hour ago AI Obama urges Democrats to have a ‘clear plan’ for AI safeguards Anthony Ha 5 hours ago Latest in Fundraising In Brief Larry Ellison cancels $7.5 billion sale of Oracle stock Anthony Ha 20 minutes ago In Brief OpenAI’s Sam Altman says it would be ‘ill-advised’ to go public in 2026 Anthony Ha 1 day ago TechCrunch Disrupt 2026 One week left to book your exhibit table at TechCrunch Disrupt 2026 TechCrunch Events 2 days ago