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Paramount’s new, hostile offer to Warner Bros. Discovery: Larry Ellison will personally guarantee $40 billion | CNN Business (www.cnn.com)

submitted 12 hours ago by StillPaisleyCat@startrek.website to c/quarks@startrek.website

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So, it will be Larry Ellison, not the Saudis, who will be putting up the additional $40 billion to win the hostile takeover of WBDiscovery over Netflix.

And he’s going to allow investors some greater visibility into the Ellison family trust.

As someone who respected the way Americans once took antitrust mechanisms and actions deeply seriously, this doesn’t give much comfort.

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[–] StillPaisleyCat@startrek.website 2 points 11 hours ago* (last edited 11 hours ago) (1 children)

Not sure. It’s his father Larry that is concerned about the news media.

It seems that David Ellison wants to control the entertainment industry and is willing to sacrifice every and any scruple he may have to get that, letting the news media be captured by whatever agenda in order to get what he wants.

Also, this way David is indisputably the victor in the succession competition that Larry set up between his offspring.

[–] ValueSubtracted@startrek.website 3 points 10 hours ago

David Ellison seems to genuinely love movies - I had high-ish hopes back when he was initially looking to buy Paramount for that reason.

Unfortunately, he also seems to be willing to trample over anyone and their grandmother in order to make those movies.