Zaslav Pockets $700M in Warner Bros Sale to Paramount

0:00On March 17th, Warner Bros. Discovery is selling to Paramount Skydance in a $110 billion deal and chief executive David Zoslov. Stands the pocket of about $700 million from it. That payday includes $34.2 million in cash severance, $15.8 million invested stock, and over $517 million in unvested shares, plus up to $335.4 million in tax reimbursements. Zoslov has faced heavy criticism for running the company since the Warner Media and Discovery merger in 2022, but his awards ballooned. Once takeover talks heated up, and he already cashed out $113 million from shares this month. Netflix tried to buy Warner Bros. for $82.7 billion last December, but backed out, letting Paramount swool bin with a nearly one. 150% premium on shares backed by David Ellison's family. The studio just tied for most Oscars with 11 wins at the 98th Academy Awards,

1:01but analysts expect job cuts soon after the merger. Wow, the deal awaits final approvals in the UK and Europe, with a close-eyed for this year's third quarter. Made in AI.