Tim Beyers

If the deal goes through, sorry.

Well, that's a big one.

We're going to get to that in a minute here.

But on the basis of what we know so far, Sandmeet, I mean, Rick's giving it two thumbs up.

Where are you on this?

And remember, it's a $72 billion deal.

It's a cash and stock deal.

So, Netflix may be taking on up to $50 billion in debt to do this deal.

There's going to be a complicated spinoff.

If this deal goes through, they're going to spin off what they are calling Discovery Global, which will be some of the legacy media assets of Warner Brothers.

What do you think here?

Are you with Rick?

Alright, I'm going to give you a wrinkle and you tell me whether or not this convinces you to go two thumbs up.

What if I tell you that that Discovery Global business is going to be spun off as a public entity and because of Netflix's interest

that 100% interest in that entity, that they're going to get a rich payday.

Let's say that payday in the equity they spent out to the market is $15 billion.

And now they got an extra bit in the war chest there to decide to maybe pay down that debt early, do some other things with it.

Does that change your opinion?

Yeah.

All right.