Timeline: According to SEC filings, Ellison adopted this plan on June 22, 2026, and it is set to remain active through October 24, 2026.
8 replies (most recent on top)
@c2 I recall reading that LE promised cash to make the WB acquisition happen, and that it turned out to be unneeded.
I'm still wondering why LE and son are getting into that business. All I ever hear about media is that it's a money loser.
https://www.msn.com/en-ca/news/other/larry-ellison-cancels-plan-to-sell-oracle-stock-worth-up-to-75-billion/ar-AA2c6ISu
So he can give it to his bratty kids so they can ruin American media
Watch the stock next week. So many signs. I will F'ing burn. Well deserved.
He subsequently canceled the sale.
No shares have been sold.
He faced bad PR? Tp
He can’t sell without the share price tanking?
The drama continues…
@bp That's what I'm thinking: money for the Paramount boondoggle.
And then he walked the plan back. Guess the stock did not pop like he wanted it to.
His chief id--ts in charge are not helping and the 800m left on restructurings is going to do damage to non datacenter deliveries. Wonder how AI yellow jacket will feel when he views what’s left.
He knows the stock will tank so better now why the company is peforming well on paper, The guy is over 80 years old. And if the way his son is running Paramaount is any indication, he will certainly reset leadership who thought they were safe. Karma is a bi_tch.