Netflix announced the blockbuster deal with Warner Bros. Discovery on Friday morning. It has agreed to buy the legendary TV and movie studio and assets like the HBO Max streaming service for $72 billion.

  • panda_abyss@lemmy.ca
    18·
    1 day ago

    This means the would-be buyer will pay WBD billions of dollars if the deal is not completed.

    That’s critical because the biggest X factor is regulatory approval. The Trump administration will review any transaction between Netflix and WBD, and some analysts expect a political and legal battle to ensue.

    We’re about to see how much Netflix wants to kiss the ring and what lines they’ll cross for Trump.

    • chaogomu@lemmy.world
      2·
      1 day ago

      Larry Ellison also wants Warner Discovery. He’s kissed the ring so much that Trump has to wash the slobber off.

      So we’ll see. Larry Ellison is the worst option here, even worse than media consolidation and price hikes, because Ellison wants to be the new Rupert Murdoch.

      • panda_abyss@lemmy.ca
        1·
        1 day ago

        Yeah, I’m already done with Trek under the Ellison name.

        I’ve cut off all these services already though, as an F U to the US threatening to annex my country, and virtually no Americans standing up against that.

    • marx@piefed.socialEnglish
      1·
      1 day ago

      This means the would-be buyer will pay WBD billions of dollars if the deal is not completed.

      There was a super interesting Money Stuff (Pay Now, Merge Later) recently about this kind of acquisition structure that allows the seller to keep the money even if the deal gets blown up by antitrust. It will be interesting to see how this plays out.