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  "documentTitle": "Blackwells Capital | Activist Presentation Deck | 71 slides",
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  "authorName": "Blackwells Capital",
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  "presentationDate": "2022-04-01 00:00:00",
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  "notes": "Includes financial data for Warner Bros. Discovery and SiriusXM as potential acquirers.",
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      "text": "Given the large streaming bases of Warner Brothers Discovery and SiriusXM and the extensive value creation record of John Malone and Greg Maffei, the Liberty complex could offer several strategic combination options",
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      "text": "Immediate ability to bundle with 74 million HBO Max subscribers and/or 35 million SiriusXM subscribers and 22 million Discovery+ subscribers to drive adoption. Compelling value proposition for existing and new subscribers. Strategically Defensive Asset. Liberty Leadership is Likely Familiar with Peloton.",
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      "text": "(1) Source: CapIQ Pro, Company filings, publicly available data and Evercore Equity Research. All data as of April 8, 2022 unless specified otherwise.",
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      "text": "POTENTIAL STRATEGIC ACQUIRERS: WARNER BROS. DISCOVERY / SIRIUSXM / LIBERTY COMPLEX",
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