"Netflix CEO Ted Sarandos made a play for the president's favor last month, visiting the White House to discuss Warner Bros.' prospects. Before then, the leading candidate to purchase the media giant was Paramount Skydance. Its CEO, David Ellison, is the son of the software centibillionaire Larry Ellison- a key Trump ally-and has teased sweeping changes to CNN (owned by Warner Bros.) if his company succeeds in its takeover."
"The president isn't picking sides in the battle to own Warner Bros. Discovery-atleast not yet. On Friday, the company announced that Netflix would acquire it for $83 billion. A day later, Paramount Skydance launched a roughly $108 billion hostile-takeover bid, backed in part by Donald Trump's son-in-law Jared Kushner. But when Trump was asked on Monday for his take on the media showdown, he was noncommittal: "None of them are particularly great friends of mine.""
Netflix announced a deal to acquire Warner Bros. Discovery for $83 billion, and Paramount Skydance responded with a roughly $108 billion hostile takeover bid partly backed by Jared Kushner. President Trump declined to pick a side, saying, "None of them are particularly great friends of mine," and stating he would be involved in regulatory decisions. Netflix CEO Ted Sarandos visited the White House to court favor. David Ellison, Paramount Skydance's CEO and son of Larry Ellison, has floated sweeping changes to CNN. Paramount Skydance's chief legal officer, Makan Delrahim, previously handled antitrust at the Justice Department. The transaction will likely face more than a year of regulatory review.
Read at The Atlantic
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