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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 1 month 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 1 month ago (4 children)

There is also this from David Ellison via The Hollywood Reporter:

“By uniting our iconic studios complimentary streaming platforms with a global footprint, our cable and linear networks, and our world-class IP, we have the opportunity to help shape the future and build a next generation media and entertainment company. This has been our goal since day one,” Ellison said Monday. “This is not about consolidation, it’s about reinventing the business. We want to expand our reach and enhance our ability to create the world’s most compelling stories and experiences. And we’re incredibly excited about this transaction, and it will accelerate that ambition.”

https://www.hollywoodreporter.com/business/business-news/david-ellison-talks-warner-bros-deal-comments-1236519395/

[–] Asafum@lemmy.world 5 points 1 month ago (3 children)

That's a whole lot of words to say "I want control of what CNN says along with all the other media companies I'm buying."

[–] Kirk@startrek.website 1 points 1 month ago* (last edited 1 month ago)

Do they think anyone is actually watching CNN? I know it's the enemy of the conservative movement, but I don't know a single person (Liberal, Centrist, Conservative or otherwise) who would even entertain the idea of actively changing the channel to CNN and watching it.

CNN's primary viewership is doctor's office waiting room occupants. I have to assume conservatives are just so deep into their own lore that they actually believe CNN is influential at all.

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