Season one

All episodes

One deal per episode, every other Tuesday. The first three arrive November 17. Each episode page has the deal card, chapters, the takeaway, every source and the full transcript.

  1. 01Nov 17, 2026

    M&A · 2025–26

    Paramount / Warner Bros. Discovery: the $40 billion signature

    Takeaway: In a contested deal, certainty beats price until both sides are fully funded. Then price decides it.
  2. 02Nov 17, 2026

    M&A · 2009

    Disney / Marvel: buying an IP library with holes in it

    Takeaway: When the asset comes with licenses attached, price what you control, and value what you can buy back as an option.
  3. 03Nov 17, 2026

    M&A · 2012

    Facebook / Instagram: the billion-dollar weekend

    Takeaway: Paying in stock shares the risk with the seller, and the best deals are often defensive.
  4. 04Dec 1, 2026

    SPAC · 2020 Coming up

    DraftKings: the SPAC that worked

    Takeaway: A SPAC wins when it solves a problem an IPO can't, here a cross-border three-way merger done in one step.

New episodes every other Tuesday after launch. Get each one by email →