Paramount has settled the antitrust lawsuit that stood between it and finally closing its acquisition of Warner Bros.
David Zaslav. WBD’s outgoing CEO walks away with more than $666 million
666?
Makes sense.
The problem is that Paramount bought WBD for it's inventory, not for the creative side of the business. They wanted that sweet sales bread that they didn't have to work to keep cooking.
The price went from 19 to 31 dollars a share. I think the shareholders made out just fine.
David Zaslav. WBD’s outgoing CEO walks away with more than $666 million
666?
Makes sense.
The problem is that Paramount bought WBD for it's inventory, not for the creative side of the business. They wanted that sweet sales bread that they didn't have to work to keep cooking.
The price went from 19 to 31 dollars a share. I think the shareholders made out just fine.