The two initial Kerr black holes have total areawhereas the final Schwarzschild black hole has . Hawking's area theorem impliesSince , the radiated fraction is bounded byThis upper bound increases with and reachesfor two initially extremal holes, . For the final hole to be Schwarzschild, their spins must be oppositely directed so the total angular momentum vanishes. The bound assumes an idealized merger saturating the area law.
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