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The 55B debt load of this new entity is pretty astounding and makes this look a lot like a PE firm deal. Given that content production is so dang expensive, th
by CarelessExpert 5y ago
The 55B debt load of this new entity is pretty astounding and makes this look a lot like a PE firm deal. Given that content production is so dang expensive, they're gonna be highly motivated to generate profits to deal with that debt.
This makes me think this merger would be followed by a rapid sell-off of low performing assets to try and pay that down a bit.