Warner Bros Discovery will urge its shareholders to reject Paramount Skydance's $108.4bn (80.75bn) takeover bid as soon as Wednesday, according to reports. Paramount has said its offer is "superior" to a $72bn deal that Warner Bros struck with Netflix for its film and streaming businesses.
At the same time, a key backer of Paramount's attempt to buy Warner Bros, Affinity Partners, has reportedly pulled out of the bid, citing the involvement of "two strong competitors". Affinity was founded by US businessman and President Donald Trump's son-in-law Jared Kushner.
@#2 ... is that enough of a reason for Pres Trump to remove his thumb from the scale? ...
Or will Pres Trump follow the lead of his buddy in Hungary?
Hostile takeover: How Orban is subjugating the media in Hungary (2017)
www.boell.de
... The narratives provided by at least one hundred Hungarian news outlets are now under the complete political control of Minister of the Prime Minister's Cabinet Office Antal Rogan and rpad Habony, the Prime Minister's spin doctor.[1]
According to the independent Hungarian news site 444.hu, these two individuals are the ones who give instructions to the editorial staffs of newspapers, television and radio stations, and news websites.
These media outlets are used to persuade voters that things have improved under the rule of Fidesz, and to discredit the opposition and any public persona they deem undesirable. ...
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