Discovery CEO David Zaslav is planning to move to California after his company’s merger with WarnerMedia is completed, he said on Wednesday. Zaslav, a longtime entertainment executive who has made his home in New York, said he is moving to Los Angeles to be closer to the studios where the company’s shows and movies are being made. “I am going to be very hands on,” he said, speaking at the...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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