Netflix updates bid to all-cash offer for Warner Bros

Netflix has offered an all cash for Warner Bros.

The aim is to push off  repeat bids from Paramount Skydance (PSKY, backed by Larry Ellison, whose son David founded Skydance, and produced Top Gun -Maverick) which have been repeatedly rebuffed.

The deal would include Warner Bros film and TV studios, HBO and HBO Max, content library and streaming operations. 

However, Warner Brothers (currently Warner Bros Discovery) would lose the Discovery brand (which includes CNN, Discovery Channel and Food Network, making it one of the largest linear TV operators in the world). Discovery would be taken public mid 2026.

Warner Bros has stuck with Netflix's bid and questioned Skydance's financing.

Netflix stock is up, Paramount down.

Oracle's Java Brain Drain

Father of Java, James Gosling, along with other esteemed engineers like Tim Bray, have resigned from Sun following its purchase of Oracle. Why did Oracle let them leave?

Gosling is now Chief Software Architect at a company called Liquid Robotics (press release Aug 30, 2011) based in Sunnyvale, CA, who develop the Wave Glider (R) unmanned ocean vehicle.Tim Bray, who grew up in Beirut,  is now developer advocate at Google.

purchase( oracle, sun ) && purchase( oracle, java )

before(oracle(software)), after(oracle(software) and oracle(hardware)).
dealvalue( oraclesun, usd(7.4bn) ).
dealtype( oraclesun, cash ).
dealtype( oraclesun, vertical ).

highmargin(oracle), lowmargin(sun) -> ?
ellison(synergies, hardware, software) e.g. iPhone.

communicate to a) shareholders, b) market, c) customers, d) employees, why the acquisition makes sense.