No Mercy / No Malice: The Worst Acquisition in History, Again
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Hogging seats on a crowded train, not saying excuse me, watching videos on your phone with no headphones in. Sometimes it feels like we don't know how to act anymore. What we have been seeing, increasingly, is people breaking rules. Why should I play by the rules if nobody else is going to do that for me? This week on Explain It to Me, how to mind your manners.
New episodes Sundays wherever you get your podcasts. I'm Scott Galloway, and this is No Mercy, No Malice. When is a deal a bad deal before it's even consummated? When one of the companies is Warner Brothers. The worst acquisition in history, again, as read by George Hahn.
After six months and eight failed bids, the Ellisons made the Warner Brothers Discovery Board an offer they couldn't refuse. The potential Netflix acquisition would have been akin to fusing LVMH and Walmart, HBO's prestige TV and Warner's iconic IP, plus Netflix's scale. Paramount Skydance buying WBD is the fusion of a dog and a car bumper traveling 80 miles an hour. Spoiler alert, it's not going to end well. The story of Warner Brothers is a recurring masterclass in ego cosplaying corporate synergy.
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