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Larry Ellison cancels $7.5 billion sale of Oracle stock
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Oracle stock is currently 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.
Larry Ellison cancels $7.5 billion sale of Oracle stock | TechCrunch
Oracle had previously disclosed that Ellison planned to sell 50 million shares worth around $7.5 billion.
TechCrunch (techcrunch.com)
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Oracle stock is currently 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.
Larry Ellison cancels $7.5 billion sale of Oracle stock | TechCrunch
Oracle had previously disclosed that Ellison planned to sell 50 million shares worth around $7.5 billion.
TechCrunch (techcrunch.com)
TBF, he could feel the stock is worth more and will go up, while the cash is (a) not needed to bankroll Jr any more, and (b) losing value quickly
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