Larry Ellison pledges 19% more Oracle shares as loan collateral

  • Larry Ellison pledged 67 million additional Oracle shares as collateral for personal loans.
  • The additional shares were valued at about $9.2 billion at Oracle’s Friday close.
  • Pledged shares now represent about 36% of Ellison’s Oracle holdings.

Larry Ellison has pledged 67 million additional Oracle shares as collateral for personal loans, representing a 19% increase from a year earlier and about $9.2 billion at Oracle’s Friday closing price of $137.10, according to a proxy filing released Friday. The pledged stock now equals about 36% of Ellison’s Oracle holdings; he owns roughly 1.16 billion shares. The disclosure comes as Ellison helps finance his son David Ellison’s Paramount Skydance in its planned $111 billion acquisition of Warner Bros. Discovery. The Ellisons have committed $47 billion in equity financing, including about $24 billion from three Middle Eastern sovereign wealth funds, while Paramount is also seeking debt financing. Oracle prohibits officers and directors from pledging company shares for personal loans, but makes an exception for Ellison, its executive chair and chief technology officer. Earlier this month, he disclosed plans to sell up to $7.5 billion of Oracle stock before canceling the proposed sale.

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