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Political Discussion
Reply to "WBD board accepts PSKY revised bid, Netflix bows out"
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[quote=Anonymous]This deal makes no financial sense whatsoever. Paramount Skydance has a market cap of around $12.3 billion. They are taking on $111 billion of debt to take over WBD. Plus they need to pay Netflix another $2.8 billion to walk away. They are going to strip HBO, CNN and the other properties down to the bone in the coming months. Mass firings. Canceled development. But even with the Saudi and Emirati money it still won't be enough to save this deal. Both Paramount and WBD will be bankrupt within 5 years. Netflix is laughing all the way to the bank. This deal crushes their competitors. But I guess the Ellisons really want to lose their billions on propaganda no one will watch. [/quote]
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