Ellison’s hardball Warner Bros. tactics gave Netflix an opening

Ellison, the son of Oracle Corp. ( ORCL ) co-founder Larry Ellison, isn’t out of the race. He has appealed directly to shareholders with a $30-a-share offer, hoping they will overrule the board. He can also increase his offer and use his father’s relationship with President Donald Trump to push for regulators to intervene and block the Netflix deal.It was too late. That night, the Warner Bros. board decided to sell the company’s namesake studio and HBO Max streaming business to Netflix Inc. ( NFLX ) For the ...