Netflix throws in the towel: Hollywood billionaires queue up like at Liepāja market for fresh fish
Netflix refuses to fight for Warner Bros. Discovery, while billionaires battle over Paramount and Ellison like tourists fighting for the last seat on a Liepāja tram.
The Hollywood studio takeover battle resembles a situation where rich tourists walk around Liepāja market trying to buy everything that moves. Netflix, like a smart Liepāja local who sees prices going insane, simply turned around and went home.
"When I saw Paramount offering $31 per share, plus paying an additional 2.8 billion in penalties, I understood - this is like what's happening in Riga, where they're asking cosmic sums for ordinary apartments," comments local business expert Juris from Karosta. "Netflix is acting like a true Liepāja resident - if the price isn't reasonable, better to go without."
Meanwhile, billionaire Larry Ellison, who apparently has never been to Liepāja and doesn't know that here you can negotiate for everything, offered a personal guarantee of 40.4 billion. That's roughly what it would cost to buy all of downtown Liepāja, including Jūrmala beach and the tram with all its tracks.
The most hilarious part is that this deal also includes CNN channel. Now a Trump supporter's family will own the media outlet that criticizes him. It's like if Liepāja's opposition bought "Kurzemes Vārds" - a technical paradox, but in business everything is possible. While Riga is still thinking about how to buy something for a reasonable price, in Liepāja we've long known - sometimes it's better to just walk on by.
⚠️ Satirical article. Facts are preserved, but the presentation is humorous. For accurate information, please refer to the original source.