Netflix has abandoned its proposed acquisition of Warner Bros. Discovery’s studio and streaming assets after the WBD board deemed Paramount Skydance’s revised all-cash offer of $31 per share for the entire company superior to Netflix’s $27.75 per share proposal.The withdrawal removes the final major obstacle. It fully clears the pathway for Paramount, controlled by billionaire Larry Ellison and his son David Ellison, to acquire Warner Bros. Discovery outright.This transaction hands father and son Larry and David Ellison a commanding media monopoly, consolidating Warner Bros. film and television studios, the vast Warner library, CNN, TBS, TNT and extensive streaming platforms under single private control.https://www.cnbc.com/2026/02/26/warner-bros-discovery-paramount-skydance-deal-superior-netflix.html
Paramount can't fucking afford that. They lost half a billion dollars in the last quarter alone and Warner has repeatedly stated concerns that Paramount would take on crippling debt to make this happen.>Destroying two of the last prestige media names just to get CNN onto the Trump wagon
>>1492254If there’s one thing we need less of, its competition
>>1492263That's always been the plan, to further cement republican control of the media both to push their narratives and back up trump rigging the midterms and 2028 presidential election.>>1492264Bring back trust busting.
>>1492263>>1492271>this corporate acquisition somehow has something to do with TRUMP
>>1492275Anon, the Ellisons are in deep with the Trump admin. Trump himself has also attempted to step in to twist WB's arm over this.
>>1492254Far more is at stake than conventional consolidation.It is rumored that behind these moves, there is a clandestine initiative known inside Oracle circles as Project OracleVision. According to three executives familiar with early briefings, the project combines Oracle’s AI division with engineers recruited from OpenAI, Palantir, and TikTok’s algorithm teams. Its reported goal: to develop a system capable of mapping and predicting public sentiment across all major platforms — from CBS broadcasts to social-media feeds.One source called it “a newsroom that listens to America in real time.” Another described it as “a digital nervous system for media power.”If true, acquiring Warner Bros. Discovery supplies the Ellisons with unmatched proprietary content libraries, nationwide broadcast and cable distribution networks, and real-time audience data streams. This integration creates a vertically fused empire where Oracle’s cloud and AI infrastructure can directly ingest and analyze every piece of generated media, enabling precise, instantaneous sentiment mapping and predictive influence across the entire information ecosystem.WBD CEO David Zaslav called the impending merger “tremendously valuable.” Netflix co-CEOs Ted Sarandos and Greg Peters acknowledged their offer was simply a “nice to have” at the right price.The Ellison family now stands on the threshold of an extraordinary convergence of legacy media dominance and cutting-edge artificial intelligence.part 2
>>1492287I hate billionaires and AI so fucking much.
