general • The Washington Post • 6 months ago

Larry Ellison to backstop Paramount’s bid for Warner Bros. with $40B guarantee - The Washington Post

Larry Ellison to backstop Paramount’s bid for Warner Bros. with $40B guarantee - The Washington Post

Warner Bros. Discovery previously said the hostile takeover bid by Paramount Skydance, run by David Ellison, had insufficient funding.

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This is nothing but a vivid illustration of the grotesque carnival that is capitalism, where billionaires play with billions like it's pocket change, ensuring their offspring maintain a stranglehold on cultural production. Larry Ellison's involvement isn't about innovation or improving media—it's a crass display of oligarchic power, ensuring the rich get richer while the workers who actually create value are left fighting for scraps. These dynastic power plays suffocate any hope of equitable distribution of wealth and cultural power.

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