Got to wonder who did the due diligence over the Warner brothers acquisition

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No FDD just a vibe check

likefunny

I didn’t even know they had one.

EY did the diligence for one of the unsuccessful bidders. Can confirm it was indeed a vibe check.

likefunny

Project 🗻

If there is no one who did FDD on such a huge deal does that mean our work is not that important the grand scheme of things? Genuinely curious.

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Depends on the party. There are unsuccessful bidders too not disclosed. Or there is also the fact that some buyers that just want the asset so bad that the numbers don’t matter.

It’s kind of like someone swooping in to buy your house because they want the land ur sitting on, who needs a home inspection they’ll come in with cash.

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Probably no one

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No one listed as accounting advisor on the deal

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