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Paramount Skydance wants WBD
- Thread starter michael hagerty
- Start date
What makes you say that?
Because the offer can credibly be judged as superior to that for the one by Netflix. Prior to Paramount indicating they would cover the charge, the WBD board could argue that they had to factor that into their assessment, that the company would have to pay the charge. If the Board accepts a deal not in the best interest of shareholders they can be sued, both as a body and individually. For those reasons, I think the revised offer alters the dynamic.
The Paramount offer was received by the shareholders directly. If they agree to sell their shares to PSKY, then PSKY can vote their shares to accept the deal.
All the board can do is recommend that the shareholders ignore the offer. That's what a hostile takeover is. PSKY is bypassing the board.
Trump demands Netflix fire Susan Rice as DOJ probes Warner deal
Rice argued during a podcast last week that "it is not going to end well" for corporations, news organizations, and law firms that "bent the knee" to Trump.
Trump warns Netflix of ‘consequences’ unless it pulls top Democrat from board
US president calls for removal of Susan Rice as streaming platform pursues takeover of Warner Bros Discovery
Here is more on the proposed WB deal with Netflix.
I’ve got a weird feeling none of this will get resolved until after his term.
Reminder: this President has gotten involved in and taken a number of actions the office of the President has had no role in. The Supreme Court overturned one of those actions last week.
It might give Netflix an excellent case if appealing a DOJ action but that could keep this proposed merger in the courts for a while. A long while.
Paramount Expected to Raise Price of Warner Bros. Bid, Will Netflix Walk Away? Paramount Is Expected to Raise Price of Warner Bros. Discovery Bid. Will Netflix Walk Away?
The obvious (or should be obvious) question is: Where is Paramount getting the additional money from. My guess is that it's coming from the Trump organization but who knows.
Ted, has it escaped your notice that Larry Ellison's net worth is SIXTY-SIX-POINT-EIGHT BILLION DOLLARS?
They very well might.
More reason for this deal not to go through.
Per Forbes, the long-recognized authority in net worth, this is the Ellison figure now:
Obviously, that makes your point even more valid. His son is now worth over a billion per some sources.
The Trump Organization has chump change compared to Ellison's net worth. And Ellison is behind the money for the Paramount deal.
Ellison just paid the highest price ever for a Florida property, $173 million. At one point, at the peak of Oracle stock, he was worth $400 million. Those are the reasons why he has left residency in CA where there is a chance that the voter initiative to tax "net worth" may be passed this year.
In other words, his organization can afford to buy just about whatever it wants.
Attachments
Ted, has it escaped your notice that Larry Ellison's net worth is SIXTY-SIX-POINT-EIGHT BILLION DOLLARS?
Actually it had--I didn't check Mr. Ellison's net worth. That said, because it is the current U.S. president demanding from the Oval Office that Paramount take over WBD, it would not surprise me if the private business organization run by his sons was also involved in the deal.
Actually it had--I didn't check Mr. Ellison's net worth. That said, because it is the current U.S. president demanding from the Oval Office that Paramount take over WBD, it would not surprise me if the private business organization run by his sons was also involved in the deal.
Netflix Declines to Raise Bid for Warner Bros. Discovery It’s Over: Netflix Declines to Raise Bid for Warner Bros. Discovery
with this now official, Netflix gonna have to spend the money they were gonna spend on WBD on trying to buy out NBCUniversal or at least set themselves up for a merger with Disney or Amazon or Apple in the next few years cause they lost and it's clear that Trump 100% was involved in this merger despite him saying he's not involved, because everyone knows Trump is a lair.
this is bad for America because the TV/Movie Landscape's now following the same direction as late 1990s radio, merger after merger after merger.
now the radio industry has 3 big radio companies, iHeartMedia, Cumulus and Audacy, and sooner or later there's gonna be a 3 big media companies, i predict we get Netflix/Amazon/Apple/Disney (i predict Disney buys out Netflix, then merges with Apple TV and Amazon Prime to form a megamedia giant), WBDPSNC (which would be a merged company of WBD, Paramount, and sooner or later the Murdoch empire merging with them with New Fox going under their ownership), and Comcast/NBCUniversal (which remerges Versant and buys out the smaller companies)
this is bad for America because the TV/Movie Landscape's now following the same direction as late 1990s radio, merger after merger after merger.
now the radio industry has 3 big radio companies, iHeartMedia, Cumulus and Audacy, and sooner or later there's gonna be a 3 big media companies, i predict we get Netflix/Amazon/Apple/Disney (i predict Disney buys out Netflix, then merges with Apple TV and Amazon Prime to form a megamedia giant), WBDPSNC (which would be a merged company of WBD, Paramount, and sooner or later the Murdoch empire merging with them with New Fox going under their ownership), and Comcast/NBCUniversal (which remerges Versant and buys out the smaller companies)