Larry Ellison Ends Plan to Sell Up to $7.5 Billion in Oracle Stock

(Bloomberg) -- Oracle Corp. Chairman Larry Ellison canceled his plan to sell as many as 50 million shares in the tech company, a holding worth $7.5 billion, a day after the company disclosed the founder's divestment plan. Most Read from Bloomberg Oracle to Spend an Additional $700 Million on More Job Cuts Toyota Unveils $2,500 Go-Kart in Bid to Grow Motorsports Fans PlayStation Ditched Hideo Kojima's 'Physint' on Budget Concerns, Missed Deadlines Trump Sees Canada Deal 'Fairly Soon,' Downplays Leaving USMCA Saudi Shuts Oil Pipeline That Bypasses Hormuz After Attacks "No Oracle stock was sold under that plan, and he has no other plans to sell any of his Oracle stock," the company said in a statement, which came a day after the disclosure that...