William Cohen from Puck News (whose fascinating book on GE I recently finished) thinks this opens the door to the coupling of NBCU and Warner’s Discovery that he has been predicting for a while now. Of course Zas was at NBC from 1989-2006.
“Call me crazy, but to my way of thinking, Shell’s sudden departure makes it all the more likely—inevitable?—that the idea I’ve been harping on for a while here, the combination of David Zazlav’s Warner Bros. Discovery with NBCU, will happen. To be clear, the two companies won’t merge anytime soon. The reverse Morris Trust rules require two years to pass before WBD can sign a deal. But that’s only one year from now, and given how long it can take these deals to be negotiated and papered up, the departure of Shell might as well be considered the kick off to the process.”
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