Trump Is Backing Off The Paramount’s WB Bid, Here’s What That Means For Netflix
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Ok, not technically that Trump, but his son-in-law just pulled out and that’s close enough, right? …RIGHT?
Donald Trump’s son in law Jared Kushner’s private equity firm, Affinity, just pulled its funding for Paramount’s bid to buy Warner Bros. Discovery. Still with me?
In a statement, the firm explained that “With two strong competitors trying to secure the future of this unique American asset, Affinity has decided not to pursue the opportunity anymore. The investment situation has changed a lot since we first got involved in October. We still believe Paramount’s offer makes sense strategically.”
Sure you do…
Paramount now loses a potentially key ally in their bid as it might fall on king Trump to pass the final verdict on whether I’m going to have to pay an extra $2 a month for HBO or not.
While it previously looked like Trump and Paramount were walking hand in hand, Trump did recently criticize Paramount’s CBS for 60 Minutes depiction of him, Truthing: “If they are friends, I’d hate to see me enemies!”
And that’s what this all comes down to. Trump’s a business man, come on, what do you want from him?
WBD’s board is reportedly planning to reject Paramount’s offer citing concerns over its financial structure and the terms over the merger. The ball is pitched back into Paramount’s court who have already said that this is not their best and final offer (weird negotiation tactic, but ok).
So all in all, needless to say we’ve not reached the season finale here yet and there are still many more twists and turns to be had before the act three reveal where Larry Ellison is unmasked as the murderer all along.
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