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Ellison Cancels Oracle Share Sale After No Shares Sold

By Drooid · Sep 12, 2026, 10:06 PM UTC · How we work

Summary

Ellison Cancels Sale

Larry Ellison canceled his plan to sell up to 50 million Oracle shares.
He previously announced the sale but none were sold.
Oracle targets $45-$50 billion debt and equity in 2026 and plans $40 billion financing this fiscal year, including a $20 billion stock sale.
Oracle shares rose as much as 7.8% then closed about 2% lower amid cash-flow recovery concerns.

Summary

Ellison Guarantees Merger

Twelve attorneys general, led by New York AG Letitia James, sued in July 2026 to block the Paramount-Warner merger.
The $110 billion acquisition includes a $7 billion termination fee if the deal collapses.
Oracle chairman Larry Ellison personally guaranteed $40.4 billion of equity for the merger.
Oracle’s share-pledge policy lets Ellison borrow against 277-346 million shares despite the 2018 ban.
Regulators noted Ellison’s 10b5-1 plan is the only exception to the 2018 pledge prohibition.

History

Historical Context

In January 2000 AOL announced a merger with Time Warner that would create the largest U.S. corporate combination, valuing the deal at about $360 billion and giving AOL shareholders a 55 % stake. The merger closed in January 2001, but rapid loss of market value and operational failures caused the partnership to unravel within two years, prompting regulators to scrutinize subsequent mega-media consolidations.

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Ellison Cancels Sale

Larry Ellison canceled his plan to sell up to 50 million Oracle shares.
He previously announced the sale but none were sold.
Oracle targets $45-$50 billion debt and equity in 2026 and plans $40 billion financing this fiscal year, including a $20 billion stock sale.
Oracle shares rose as much as 7.8% then closed about 2% lower amid cash-flow recovery concerns.

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