Ankler Agenda

He’s Just Not That Into You: How Zaslav and Ellison Fell Apart

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Dec 18, 2025
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INSIGHT

Merger Could Drag Through 2026–2027

  • The merger timeline points to a Q2 shareholder vote with regulatory hurdles likely into 2026.
  • Antitrust review could extend the process through early 2027 if challenged.
INSIGHT

Middle East Money Dominates The Bid Picture

  • Most of the equity backing for the Skydance bid appears to come from Middle Eastern investors, not Ellison alone.
  • Financial leverage and Oracle stock volatility could materially change the bid's viability.
INSIGHT

Huge Executive Payouts Despite Company Struggles

  • Warner executives stand to receive massive payouts if a deal closes despite mixed company performance.
  • David Zaslav alone could walk away with roughly $567 million under current terms.
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