Jason Hall

Maybe it makes sense in big tech, but can big tech actually pull that off?

I don't think so.

I bet they're still a solo company, and this is still just a ho-hum stock.

Jason?

Yeah, I think there's a lot of noise here, but Netflix ends up pulling this off.

And it really comes down to, it's not just about the price, it's about, are you actually going to be able to close the deal?

When you go in and you buy a house, if you say, hey, I offer you $1 million and don't worry, I'm good for it.

That buyer should be very skeptical of your offer unless you actually come with a note from the bank that says, hey, Rick's actually good for this money.

So that's the real question is, is Paramount actually good for the money?

Because Paramount itself does not have the funds to do that.

And guess what?

Larry Ellison, who is...

really the backstopper of this.

His stock is down 50%, I think it is right now.

He may not want to write a $100 billion check to buy all of Warner Brothers Discovery.

So if you're Netflix, you've got to say, hey, look, we have not only a really good offer, but it's not worth going after an extra couple of bucks a share on a deal that may not close.

Because if you get two years down the road and the deal doesn't close, that's a really, really bad deal for Warner Brothers Discovery.

They're in a really tough spot then.

You don't want to pay 5X for your new TV?

I unfortunately have to go with Live Oak Bank here.