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2026-02-27 Economy
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Good news at last: Larry Ellison, history's single largest donor to the Friends of the IDF, just beat Netflix to buy Warner Brothers, which includes CNN and other outlets.
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[Morningstar] Netflix said Thursday that it was walking away from its agreement to acquire Warner Bros. Discovery, after the media giant said it had determined that a last-minute bid by Paramount Skydance was a better deal.
In a stunning turn of events, Netflix said that countering Paramount's latest offer was "no longer financially attractive" and that it had decided to abandon its bid.
"The transaction we negotiated would have created shareholder value with a clear path to regulatory approval. However, we've always been disciplined, and at the price required to match Paramount Skydance's latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid," Netflix co-CEOs Ted Sarandos and Gary Peters said in a statement.
"We believe we would have been strong stewards of Warner Bros.' iconic brands, and that our deal would have strengthened the entertainment industry and preserved and created more production jobs in the U.S.," Sarandos and Peters added. "But this transaction was always a 'nice to have' at the right price, not a 'must have' at any price."
Warner Bros. Discovery shares (WBD) fell more than 2% in after-hours trading Thursday, while Paramount shares (PSKY) gained over 4%. Netflix's stock (NFLX) jumped more than 10% on the news.
While Warner Bros.' and Netflix's decisions came down to price, one aspect that had loomed over the transaction all along was which deal the Trump administration - which has shown its willingness to involve itself in media deals and pressure companies that are not in the president's favor - was willing to allow through.
A key part of Paramount's pitch was that its offer is more likely to pass muster with regulators as CEO David Ellison and his father, Oracle (ORCL) co-founder Larry Ellison, enjoy a good relationship with President Donald Trump. Last year, the Ellisons were able to acquire Paramount following a long regulatory review process after settling a defamation lawsuit with the president that most legal observers had deemed baseless.
CBS is the one who edited the interview with Kamala in a deceptive fashion and aired it, violating FCC rules. They can do that on the internet but not on public airwaves.
Ellison also owns Tiktok now which means no more one-sided stories from Gaza with no context added.
Took me a while to find a creditable outlet, when you search it's all AP, Bloomberg, ABC, CBS, NYT, crap. How do you keep a secret? Put on on the second page of search results.
# id) ?>
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Posted by Jairong+Scourge+of+the+Gepids2435 2026-02-27 00:00||
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Posted by Procopius2k 2026-02-27 07:01||
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Posted by Skidmark 2026-02-27 08:03||
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Posted by ed in texas 2026-02-27 08:30||
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Posted by NN2N1 2026-02-27 08:37||
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Posted by mossomo 2026-02-27 13:09||
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Posted by Procopius2K 2026-02-27 15:51||
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Posted by Frank G 2026-02-27 18:49||
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