Larry Ellison’s about-face on an Oracle stock sale sparks chatter in Silicon Valley, Hollywood

Source: New York Post

Larry Ellison’s disclosure last week that he planned to sell $7. 5 billion in Oracle stock got tongues wagging across Silicon Valley and Hollywood – but what really sparked chatter was the quick about-face that came a day later. The 82-year-old software tycoon – who built one of the great American tech giants through decades of legendarily shrewd M&A deals – revealed in a Friday securities filing that he planned to sell 50 million Oracle shares.