Larry Ellison cancels $7.5bn Oracle share sale - Financial Times
Oracle founder Larry Ellison has canceled plans to sell up to 50 million shares of the company. The decision to halt the sale was announced just one day after the initial filing was made public.
Why it matters
Large-scale share sales by company founders often impact market confidence and stock price volatility.
About-face comes a day after a filing revealed plans to…
Also covering this story
4 other newsrooms covered this event. We read each version separately.
Why Oracle founder Larry Ellison changed his mind on a $7.5 billion stock sale in a day
Larry Ellison cancels $7.5 billion sale of Oracle stock
Larry Ellison cancels plan to sell Oracle stock worth up to $7.5 billion
Larry Ellison nixes plan to offload up to $7.5 billion worth of Oracle stock
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