Of course Larry and David Ellison got their way
When your dad is one of the richest men in the world — and a Trump pal — you get the media conglomerate you want.
Larry and his son David Ellison, among the wealthiest individuals on Earth, secured their acquisition of Warner Bros. Discovery for $111 billion. This victory came after a year of pursuing the deal, which was initially met with regulatory challenges. The California Attorney General, Rob Bonta, settled an antitrust lawsuit that threatened to halt the merger.
Bonta's main condition was that the combined studios would produce at least 30 movies annually, but he did not receive any structural changes to the deal. Despite Bonta's stated opposition, the deal proceeded due to Larry Ellison's significant financial resources and connections to the Trump administration. The Ellisons now control major media assets, including Warner Bros., HBO, and networks such as CBS, CNN.
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