Larry and David Ellison are getting a chance to break up the Netflix/WBD deal

Larry and David Ellison are getting another shot to buy Warner Bros. Discovery. The media conglomerate announced Tuesday that it will let the Ellisons make another bid for the company over the next week, with two key stipulations: Their offer has to be more than $31 for each share of WBD, and it will be the last time the Ellisons get to make a formal pitch to the WBD board.WBD's announcement reopens a deal that was theoretically closed last December, when it agreed to sell most of itself to Netflix in an $ ...

Larry and David Ellison are getting a chance to break up the Netflix/WBD deal - Reportify