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WB+Netflix=$82.7 billion shocker!

The LA Times says Paramount was over confident that it had already won WBD


Several sources said Paramount’s first mistake was making low-ball offers. Paramount submitted three unsolicited bids by mid-October, the first for $19 a share. Warner’s board of directors unanimously rejected all of the bids as too low.

Top Warner Bros. executives were incensed, feeling that the Ellisons had just shown up in Hollywood and now were throwing their weight around to take advantage of Warner Bros.' struggles.
 
On Sunday, the president told reporters that he has a role in the Netflix approval. He's wrong about that:


Netflix is the #1 streamer with or without WB. The government can't penalize a company because they're successful. Otherwise, Google, Amazon, and Apple would have been broken up.

Sarandos was left with the impression that Netflix would not face immediate opposition from the White House, the Bloomberg report said.

On Sunday, Trump confirmed he had met with Sarandos. "I met with Ted. I think he's fantastic," he told reporters. “He was in the Oval Office last week,” Trump continued, adding that Sarandos made no promises at the meeting.
 
On Sunday, the president told reporters that he has a role in the Netflix approval. He's wrong about that:


Netflix is the #1 streamer with or without WB. The government can't penalize a company because they're successful. Otherwise, Google, Amazon, and Apple would have been broken up.
There are executive actions he could take, if he is inclined, that could make this longer and more difficult. It further seems a bit naive to not think he couldn't get the DoJ or FTC to prioritize challenging this on antitrust grounds.

I'm not saying he should, or it's right if he does, but he can make a role for himself, something that your comment here discounts.
 
It further seems a bit naive to not think he couldn't get the DoJ or FTC to prioritize challenging this on antitrust grounds.

What I'm saying is that the president has no official role in the process. The DOJ is supposed to be independent, and these decisions are supposed to be made without political interference. That's how the system is supposed to operate. Telegraphing in advance that he's going to be involved makes a mockery of our system. Having market dominance in an area is not anti-trust. The recent Google decision is just one example. If there's a real concern over pricing, or the company using its market dominance in unfair ways, it can be laid out in the approval. So far all he's said is he's going to take a look at it. No problem looking at things. But for him to say Netflix can't do something with its own money in a free economy is wrong.
 
Today Paramount has announced it will make a hostile bid for WBD, this time using foreign money:


The Paramount offer would include all of the linear TV assets, cable channels, and CNN that were not part of the Netflix deal.

This morning, the president voices disapproval of the new Paramount ownership, saying they're just as bad as the old team.

 
Skydance Paramount really wants WBD hole, where Netflix just wants the library content and WB Studios only. I think that Skydance Paramount will buy WBD hole in my opinion.
 
Today Paramount has announced it will make a hostile bid for WBD, this time using foreign money:


The Paramount offer would include all of the linear TV assets, cable channels, and CNN that were not part of the Netflix deal.

This morning, the president voices disapproval of the new Paramount ownership, saying they're just as bad as the old team.


The one thing about President Trump's public outbursts is that they can turn on a dime at any given moment based on his immediate emotional reactions to what he is seeing. He'd probably be better off if he kept his hands off his Truth Social accounts (to paraphraise something Hillary Rodham Clinton once said during the 2016 Presidential campaign) but this President just can't seem to help himself.
 
The president said today that CNN should be sold because the people running it now are terrible:


The truth is he doesn't like any news organization. He has a lawsuit against Rupert Murdoch. So it really doesn't matter.
 


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