Stratrix

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The analyses

The Counterfactual · Decision Forks
Paramount Wasn't Sold for $8 Billion. One Family Was Paid 2.6x to Hand Over the Keys.
The headline calls it an $8 billion merger of a $28 billion company. The real story is a two-step deal where the Redstone family got the equivalent of ~$60 a share, the public got $23 and $15 — and the FCC's approval arrived a day after editorial concessions.
8 min