"As of Oct. 5, the last day of trading for WBD and Paramount Skydance (PSKY) on Nasdaq, Warner Bros. Discovery had a market capitalization of $77.7 billion and Paramount was around $11 billion. Today, Skydance has a market cap of under $40 billion — less than half the predecessor companies’ combined value."
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@jalefkowit I'm sad that the nazis got bugs bunny in the end. Let's boycott and make sure they can't meet their $6bn interest payments. You don't have to be a nazi collaborator.
Any fool can burn $40 billion over a long enough timespan. It takes a real business genius to do it in a week
@jalefkowit Wait, are they doing a Brewster’s Billions documentary / mockumentary? Bold move!
@jalefkowit So when is Skydance going to buy Oracle?
@jalefkowit it still feels like it should be illegal for an $11B company to buy out a $78B company.
@jalefkowit They are NEPO for business!
@jalefkowit There used to be movies about the problem of burning a million in a month…
[insert grandma to bed meme]
@jalefkowit this is one of those stories that makes it clear to me that I don't understand how anything works.
@jalefkowit is that good?
@jalefkowit is that good?
Want it to drop to "0" with a bullet.
@jalefkowit I would not shed a tear to see this behemoth tank. It's just been a countdown to be sold for parts as soon as the deal closed.
@jalefkowit incredible. business geniuses, every one of them