David Zaslav could become a billionaire
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Netflix Inc.’s $72 billion acquisition of Warner Bros. Discovery Inc. is a coup for stockholders, whose shares are being bought for more than triple what they were worth as recently as April.
There's a good chance that his reign in entertainment is about to come to a close when Warner Bros. Discovery sells. The only question is his legacy.
Warner Bros. Discovery CEO David Zaslav told staff Friday that the company's pending sale to Netflix is unlikely to lead to sweeping layoffs.
A major transaction has long felt inevitable. The 2022 merger saddled the company with roughly $50 billion in debt, leaving its leadership little choice but to explore a breakup or sale. If the split proceeds, WBD CEO David Zaslav would continue leading the Warner Bros. side, and Discovery Global would be led by current CFO David Wiedenfels.