Larry Ellison Halts Planned Oracle Share Divestment

Oracle co-founder Larry Ellison has withdrawn his plan to sell up to $7.5 billion worth of company shares, an announcement made by the Austin-based group on Saturday. No shares were sold under the initial plan, established in late June, and Ellison currently has no other divestment intentions. This decision follows a significant decline in Oracle's share value, which has fallen by over half since a $300 billion deal with OpenAI was disclosed in September, amidst scrutiny over its AI investments.