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Sources: music mogul David Geffen would net $500M+ in profit before taxes from a WBD sale at $25 per share; Geffen had bought ~30M shares at $7 to $8 per share (Bloomberg)

Mediagazer · last updated

Bloomberg:
Sources: music mogul David Geffen would net $500M+ in profit before taxes from a WBD sale at $25 per share; Geffen had bought ~30M shares at $7 to $8 per share  —  David Geffen, the billionaire media mogul, stands to reap more than $500 million in profit from the expected sale of Warner Bros. Discovery Inc.

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