Ah, that makes sense. Not sure if Zaslav will decide to move those operations over to Atlanta's Techwood Campus down the road to cut down on the space leasing costs.
Not enough to know and it take weeks.
I'm very worried about future of WBD.
The more parties that bring claims does mean more legal arsenal to combat Ellison's lawyers.
Their informal response to the states AGs coalition's legal challenge is pretty awkward, though:
"Indeed, someone close to Team PSKY told me that while they are still “trying to figure out the options and implications” of the lawsuit, their preliminary read of the complaint is that Bonta’s legal argument is pretty thin.
In this person’s view, the Bonta lawsuit and request for a T.R.O. and permanent injunction will merely serve to slow things down, which won’t mean much of anything unless the deal continues past September 30, which is when the so-called “ticking fee” starts accruing for WBD shareholders at the rate of $6.7 million a day, or about $650 million a quarter. It’s “so unnecessary to weaponize antitrust this way,” Team PSKY told me. “They totally lose the moral high ground to criticize the D.O.J., just silly.”"
Speaking of the Ellisons, here's an outlook analysis surrounding Oracle and the AI stock bubble, since Larry's stock is being used as the pursuit's loan collateral:
"“All these guys are running toward the cliff. You know, My capex is bigger than your capex, and, If I don’t keep spending, you’re going to keep spending. I don’t want to lose out to you, so I have to keep spending,” the legendary investor George Noble told me earlier this week, describing the madness surrounding this A.I. moment in the market. As a seasoned investor, it’s difficult to know what to do, he conceded. “You just sit there, and it’s like, you want to blow your brains out,” he said.
Indeed, George told me that he thinks the current A.I. mania and rash of inflated technology stocks could foment a crisis “far worse” than the dot-com bubble of a generation ago. “The sheer size of this in terms of dollars involved, and therefore the impact on the economy when the fallout comes, is going to be much more significant, and there’s this sort of existential imperative,” he said.
George is intently focused on Oracle in particular. While many of the Magnificent Seven and hyperscalers have been rewarded by the markets for their infrastructure investment, Oracle stock is down 42 percent during the last year and now has a market capitalization of $382 billion.
The spreads have widened on Oracle’s debt, too. George is awaiting the next quarterly earnings report to learn whether the company has pulled back on capex. If so, he said, that will be “a warning sign” that it’s “game over” for the “whole A.I. complex.”"
