- At Kendall's lavish birthday bash, Shiv and Roman try to arrange a meeting with Lukas Matsson, a tech mogul who recently snubbed Logan.
- Waystar's senior management learn that the Department of Justice investigation is weakening and will likely end in a settlement. Tom is immensely relieved to no longer be facing the threat of incarceration; nonetheless, Logan discreetly tells him he will remember his offer to go to prison. Logan then pivots to his planned acquisition of streaming giant GoJo, but discovers that its founder and CEO Lukas Matsson has declined to meet with him personally. Shiv and Roman offer to meet with Matsson at Kendall's 40th birthday that night. Logan sends Roman with an envelope containing a gift.
The family arrives at Kendall's party, teeming with high-profile guests and featuring "immersive theater" exhibits such as a large-scale replica of his mother's birth canal. Roman hands Kendall his "gift," which Kendall is shaken to discover it is in fact an offer from Logan to buy out his shares in Waystar for $2 billion. Shiv is upset to learn that Roman is a beneficiary in the agreement whereas she is not. Kendall is further angered when he learns Shiv and Roman are only in attendance to meet with Matsson (with whom Kendall himself is attempting to negotiate), and bans them from entering the party's VIP zone - a giant replica of his childhood treehouse - where the antisocial Matsson has sequestered himself.
Kendall encounters Rava at the party; tension develops when she reveals that Waystar is sending men to harass her and the children, encouraged by Roman but opposed by Shiv. Kendall is surprised to learn from Rava that his children have sent him a gift, and becomes fixated on tracking it down. He becomes further agitated over his growing embarrassment at the party's excess, and decides to back out of a planned onstage stunt.
Roman, meanwhile, forces his way into the treehouse to meet with Matsson and negotiate the possibility of acquiring GoJo. Roman suggests that Matsson would never have to report directly to Logan - whom Matsson personally despises - and additionally offers to discontinue StarGo, Waystar's antiquated and poorly-functioning streaming service. Matsson expresses interest and agrees to continue discussions later in the week. Roman treats the meeting as a success and mocks Shiv for being sidelined from the negotiations.
Greg works up the courage to ask Comfry out on a date, despite being instructed not to by a spiteful Kendall. Comfry accepts, exasperated with having to satisfy Kendall's demands. Greg is elated, provoking resentment from a drug-addled Tom, who is not enjoying the party and remains unhappy despite avoiding prison. Kendall, anxiously searching for his children's gift with Naomi's help, breaks down crying and asks to go home. While leaving, he lashes out at his three siblings; a drunken Roman viciously mocks him and shoves him to the ground. Kendall returns to his apartment despondent, and Naomi comforts him.
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