Oracle’s NetSuite Purchase Win Looks Safe at Delaware High Court

The Delaware Supreme Court appeared disinclined Wednesday to reverse a trial judge’s decision finding Oracle Corp.’s 2016 acquisition of NetSuite Inc. was negotiated at arm’s length by a “fully-empowered special committee.”

“What are the legal issues here? I’m trying to figure out what the actual error is,” Chief Justice Collins J. Seitz Jr. asked attorneys for both Oracle founder Larry Ellison and the pension fund seeking to revive its failed challenge to the NetSuite deal.

The pension fund has offered no basis for disturbing the Chancery Court’s May 2023 opinion, which found that Ellison’s detachment from the transaction ...