I bet he wouldnât bat an eye if ParaSkydance buys them instead
Heâs just publicly asking for a bribe. Iâm sure a donation to the ballroom or Netflix committing to buying CNN and shutting it down or turning it into a propaganda machine would tip the odds in their favour.
And the war truly beginsâŚ
A series of SEC (Securities and Exchange Commission) filings today (Monday) detailed the saga and revealed Paramountâs Middle Eastern backers in the final bid submitted last week. In response to WBD concerns, Paramount said, the groups âagreed to forgo any governance rights â including board representation â associated with their non-voting equity investments.
Chinaâs Tencent, which was part a previous offer, was no longer a partner in the transaction in its latest iteration.
Paramount going scorched earth with a collection of dubious funders.
PSKY stock jumps 9% on this news, almost completely reversing the Friday sell-off.
âThe Warner Bros. Discovery Board of Directors (the âBoardâ), consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, will carefully review and consider Paramount Skydanceâs offer in accordance with the terms of Warner Bros. Discoveryâs agreement with Netflix, Inc.,â the company said. âWarner Bros. Discovery intends to advise its stockholders of the Boardâs recommendation regarding Paramount Skydanceâs tender offer within 10 business days.â
With all the tactfulness of a bunch of high schoolers going after a kid who told their gang leader no. 
Admit it Ellison, you lost. Just walk away. Getting your boofhead mates to help you get the âgirlâ ainât gonna help.
So AT&T bought Warner for $80b+ then sold those same assets for $40b+ and now Netflix wants less of those assets for $80b+
Crazy the fluctuation in value companies are eager to pay.
But the Discovery merger has actually made Warner far more expansive. As John Malone publicly said at the time, the merger was essentially engineered to make the combined company more attractive to potential acquirersâa larger asset base, stronger balance of content, and a scale that makes it both easier to sell and a highly appealing takeover target.
So, as you noted, Netflix only ever bid for the studios and the streaming side, whereas ParamountâSkydance is aiming to buy everything. Itâs no surprise, then, that those two are willing to entertain such high price tags; both clearly see the full range of opportunities the business could offer them.
This cluster fuck will end with the people who suck up to Trump the most. It will be so corrupt.
Heh hehâŚCrapCo. Great name for a company. I know itâs not the actual name, but it should be.
Here are the main sections from WBDâs response letter.
PSKY has consistently misled WBD shareholders that its proposed transaction has a âfull backstopâ from the Ellison family. It does not, and never has.
The Boardâs review was full, transparent and competitive - establishing a level playing field that fostered a rigorous and fair process.
Despite PSKYâs evidence to the contrary, the Board does not believe there is a material difference in regulatory risk between the PSKY offer and the Netflix merger.
The PSKY offer is illusory⌠There will be additional costs associated with PSKYâs offer that could impact shareholders.