Bonta forces Ellison’s hand on which cable nets to sell or sink
The Ankler’s Lesley Goldberg reports that California AG Rob Bonta says any settlement requires “structural remedies”: Ellison cannot keep all 50 cable networks the WBD deal would hand him — some must be sold.
Why it matters. Buyers of the divested cable networks gain leverage to negotiate down price, knowing Ellison is selling under regulatory duress rather than by choice.
Signal from The Ankler · Lesley Goldberg · read the original.
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