CoinScoopOracle Co-founder Larry Ellison Cancels $7.5 Billion Stock Sale Plan
Oracle (ORCL) co-founder Larry Ellison has canceled a plan to sell up to 50 million shares of the company, a move valued at approximately $7.5 billion based on last Friday's closing price. The plan, established on June 22 and originally set to expire on October 24, resulted in no shares being sold. Oracle stated that Ellison has no other plans to sell company stock. Oracle's share price has declined by more than 20% in 2026 amid concerns over AI-related expenditures.
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