In addition to the purchase price of $31 per WBD share, Paramount's latest offer also included a provision that it would cover the $2.8 billion termination fee that WBD would owe to Netflix for dissolving the existing merger agreement between the businesses. So rather than paying $82.7 billion to acquire the Warner Bros. part of the operation, it appears Netflix may walk away with no new content but padding its coffers with an extra nearly $3 billion.
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On today’s pod: the Italian job. After fears Serie A could be shut out of the Champions League last 16, Atalanta produced a stirring comeback in Bergamo to knock out Dortmund 4-3 on aggregate. The panel debate the decisive moment: was it a high foot or a low head? Laws Lars introduces us to a new referee rhyme, and the panel salutes Samardzic’s top-corner penalty with the last kick of the game.