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Paramount launches hostile bid for Warner Bros

(www.cnbc.com)
366 points gniting | 2 comments | 08 Dec 25 14:16 UTC | HN request time: 0s | source

Previously: Netflix to Acquire Warner Bros - https://news.ycombinator.com/item?id=46160315 (1333 comments)
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notepad0x90 ◴[08 Dec 25 21:41 UTC] No.46198023[source]▶
I just realized that the netflix ceo is a big-time democratic party donor, and that paramount is supposedly being supported by larry ellison (big-time republican/trump donor) and saudis? I'm sensing a strong political/influence angle here by the billionaires.
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imbnwa ◴[08 Dec 25 21:45 UTC] No.46198083[source]▶
That is exactly what is going on. Everyone at WB management knows that the Ellisons want to weaponize CNN before the midterms runoffs start in spring.
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1. dawnerd ◴[08 Dec 25 21:50 UTC] No.46198143[source]▶
Netflix isn't buying CNN though, Paramount can just pick up Discovery on the cheap when its split off. There's no reason for them to even be trying to do a hostile bid either. I think this is just purely an ego/power trip thing.
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2. NoGravitas ◴[09 Dec 25 17:38 UTC] No.46207875[source]▶
It's scheduling. WBD was set to spin off Discovery Global in April --- after the March congressional primaries. The hostile bid creates leverage to get the TV networks spun off sooner, rather than later, to ensure that the Ellisons can pick them up Q1, in time to set the narrative for the congressional primaries.

See: https://substack.com/@thedreydossier/p-180959723