Paramout Skydance finally outbid Netflix this week for Warner Bros Discovery, committing to paying $111 billion. But that doesn't mean CNN will be owned by the Ellisons tomorrow. 
@Slate says that there are multiple uphill slogs ahead before the deal goes through, including legal challenges from Democratic state attorneys on antitrust grounds and regulatory hurdles in Europe. Plus, Paramount Skydance is taking on a huge amount of debt — Warner Bros.' existing $33 billion load plus tens of billions of Gulf state-backed money. "There’s a not-insignificant chance the Ellisons will soon find themselves way, way over their heads, having overpaid drastically for a portfolio that’s not gonna be anywhere as lucrative for them," writes Nitish Pahwa.
#Media #Entertainment #DavidEllison #WarnerBros #Paramount #Skydance
