Part 10/12:
Shareholders will ultimately have the final say. Institutional investors, holding significant voting power, will conduct due diligence and deliberate with Warner’s board. The timing of a deal could hinge on upcoming earnings calls and industry events, such as Warner Brothers’ scheduled earnings presentation on November 6. The broader entertainment sector, including Disney, Netflix, and Comcast, is preparing for a busy period of earnings reports in the coming weeks, which could influence negotiations and market sentiment.