Larry Ellison adds $9.2 billion in Oracle shares as loan collateral
Oracle co-founder Larry Ellison pledged an additional 67 million shares of the company as collateral for personal loans, amounting to approximately $9.2 billion at Friday's closing price, as reported by Bloomberg. This represents a 19% increase in the shares Ellison has pledged since 2025, according to a proxy filing released on Friday.
The total collateral now accounts for about 36% of Ellison's ownership in Oracle, which stands at approximately 1.16 billion shares. Ellison, aged 82, is the 82-year-old technology billionaire who owns the majority of the company's shares. The disclosure comes as Ellison assists in financing his son David Ellison's planned $111 billion acquisition of Warner Bros.
Discovery, with Oracle contributing $47 billion in equity financing, primarily from Middle Eastern sovereign wealth funds. The acquisition is nearing completion after Paramount negotiated a settlement with 12 state attorneys general and the Writers Guild, who had sought to block the merger. Oracle has a corporate policy prohibiting officers and directors from pledging company shares as collateral for personal loans, with Ellison being an exception to this rule.
Earlier this month, Ellison had planned to sell up to $7.5 billion of Oracle stock but later canceled the intended sale.
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