Paramount Increases Bribe For WB, Do The Ellisons Have A Limit?
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Sorry, ‘offer’, I meant ‘offer’. What did I say?
Paramount has increased its hostile takeover bid by $0.25 per share which might not sound like a lot but actually it is.
Paramount will also pay shareholders for each quarter the translation is not closed beyond December 31st (basically for a late fee) and pay the $2.8 billion termination fee to Netflix. Ok, now those are looking like big numbers.
WBDB is going to review the offer and get back to them. So can the Ellisons just keep throwing money at this and get what they want?
Probs not.
WBDBDB haven’t amended their recommendation to take Netflix’s offer and bear (bare?) in mind that they have already accepted the Netflix deal.
But will the Ellisons just keep raising there offer up and up until they get what they want?
And why do they even want it so bad anyways?
Paramount Importance
I’ve heard that the real reason they want WDBB is because they really want CNN which will be spun off if Netflix buys it. But then can’t Paramount just buy it off Netflix when its spun off? Apaz part of the theory is that Paramount want CNN before the midterm elections and we’re deep into machiavellian plot stuff now.
Because if Trump’s best friend Larry Elison can get his son to own one of the biggest news corps in America he’s going to have a lot of influence on the history of the planet.
The con is on.
But who knows what’ll happen. It all remains to be seen. Watch this space.
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