Warner Bros. Discovery confirmed that it received an amended, unsolicited tender offer from Paramount Skydance to acquire all outstanding shares. The media giant said that under the terms of its current arrangement with Netflix, its board will consider the offer with advisors. However, it also made one thing very plain. That's a kind way of stating that Paramount may be louder, but Netflix is still ahead for now. Here’s the part Wall Street keeps missing: this isn’t one deal; it’s 2 different payouts ...

Global mergers and acquisitions surged in 2025, nearly reclaiming the all-time peak of 2021. After a lull from cooling markets and higher borrowing costs, firms around the world stepped back into deal-making with renewed confidence. Total M&A value reached roughly $4.5 trillion — about 50% above 2024 levels and the second-largest annual tally on record, the Financial Times reported Friday. One defining characteristic of 2025’s deal boom was the value of the cash exchanging hands. There were 68 transact ...

埃里森父子成为商业搭档 凤凰网科技讯北京时间12月25日，为了与Netflix争夺华纳兄弟，派拉蒙CEO大卫.埃里森(David Ellison) 已经发起了1084亿美元的恶意收购。在这场备受关注的交易背后，还有一位科技大亨在幕后发挥作用， 他就是大卫的父亲、甲骨文创始人拉里.埃里森(Larry Ellison)。《纽约时报》周三发文，披露了埃里森 父子由疏到亲的关系，以及他们想要打造媒体帝国的野心。 以下是文章全文： 当大卫步入青春期时，他的父亲拉里送给他一份通常不会在13岁生日时收到的礼物：一架属于他自己的 卡塔纳特技飞机。父子俩此前很少有时间真正相处。但有了这架飞机，他们可以在空中增进感情，一起 练习特技翻滚，主宰天空。 现在，拉里正试图帮助他的儿子收购一个媒体帝国，以便他们共同统治好莱坞和新闻界。 这段曾经相对疏离的父子关系，如今已演变为当代媒体行业中最引人入胜的商业伙伴关系之一。站在现 年42岁、派拉蒙CEO大卫几乎每一个关键决策背后的，是他那位气场强大的父亲：81岁的亿万富翁、软 件巨头甲骨文的联合创始人拉里。 据二十多位知情人士透露，这对父子在追求大型媒体交易过程中成为了一个不同寻常的搭档。今 ...

Core Viewpoint - The ongoing bidding war for Warner Brothers Discovery involves significant financial maneuvers, particularly with Larry Ellison's $40 billion personal guarantee for Paramount Skydance's hostile bid, raising questions about the board's concerns regarding financing [1][11]. Group 1: Media Landscape Reshaping - The consolidation of media assets, particularly with Paramount and potential connections to TikTok and Oracle, is reshaping the American media landscape, presenting both exciting opportunities and concerns [3][5]. - The acquisition of Warner Brothers Discovery by Paramount Skydance could lead to a significant data consolidation under a large umbrella, enhancing the ability to train AI models [5][13]. Group 2: Governance and Control - There are concerns regarding governance implications as the amount of data increases, necessitating clear guidelines and guardrails for managing this data [4][7]. - The control dynamics post-acquisition are uncertain, with potential blurring of lines in governance that shareholders need to consider [7][14]. Group 3: Shareholder Dynamics - The shareholder base is diluted, with large institutional investors like BlackRock and Vanguard holding significant influence, which may sway decisions based on potential returns [10]. - The Warner Brothers board's rejection of previous offers until the public announcement of the hostile takeover indicates a complex negotiation landscape, with Paramount directly appealing to shareholders [8][9]. Group 4: Financial Considerations - The combined entity of Paramount and Warner Bros. Discovery is projected to have a debt-to-EBITDA ratio exceeding six or seven times, indicating a highly leveraged asset situation [11]. - Netflix is expected to increase its offer to remain competitive, given its cleaner financial profile and better credit rating compared to the leveraged nature of the combined company [10][11].

Following CBS News’ delaying of a "60 Minutes" segment examining the Trump administration’s deportation of Venezuelan migrants to El Salvador’s CECOT prison, some media outlets have raised questions about whether the move was meant to curry favor with the administration amid an escalating battle for Warner Bros. Discovery. Paramount and its majority shareholders, the billionaire Ellison family, recently sweetened a bid for Warner Bros. Discovery to the tune of $108 billion. Considering WBD is currently movi ...

U.S. stock futures are showing modest declines this Tuesday, December 23, 2025, as investors brace for a crucial slate of economic data releases in what is shaping up to be a holiday-thinned trading week. This cautious premarket sentiment follows a robust performance on Monday, where major indexes closed higher, largely propelled by renewed optimism in the artificial intelligence (AI) sector.Premarket Activity and Futures MovementsAs the trading day approaches, S&P 500 futures are down approximately 0.08%, ...

Paramount Skydance’s David Ellison had to make one thing clear to Warner Bros. Discovery: Don’t worry, my dad’s got this. In an amended bid for WBD on Monday, Paramount pinky-promised the financial backing of Larry Ellison, the Oracle founder, world’s fifth-richest man, and longtime backer of son David’s media and entertainment ambitions. Is it enough to shift the odds? SUBSCRIBE:  Receive more of our free The Daily Upside newsletter. READ ALSO: ‘Vortex of Volatility’ Kept 2025 Dealmaking From Breaking R ...

Core Viewpoint - Paramount is attempting to acquire Warner Bros. from Netflix, with former Justice Department antitrust chief Makan Delrahim playing a pivotal role in this bid [1] Group 1 - Paramount's strategy involves leveraging Makan Delrahim's expertise in antitrust matters to navigate regulatory challenges associated with the acquisition [1] - The acquisition aims to strengthen Paramount's position in the competitive streaming market, particularly against Netflix [1]

Warner Bros Discovery on Monday confirmed receipt of Paramount’s amended, unsolicited tender offer and “consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, will carefully review and consider” it. Paramount Skydance has offered to acquire all of WBD’s outstanding shares for $30 each in cash. Its sixth and previous bid had been unanimously rebuffed by WBD’s board, which, instead, inked a deal to sell its studio and streaming assets to Netflix after a sp ...

1、美股三大指数集体收涨，道指涨0.47%，标普500指数涨0.6%，纳指涨0.5%；纳斯达克中国金龙指数 收涨0.58%；甲骨文涨3%，英伟达和特斯拉涨超1%，特朗普媒体科技集团跌超10%。 2、国际原油结算 价上涨2.6%；现货铂金升破2100美元/盎司关口，日内大涨6.6%。 3、全球最大 黄金ETF SPDR Gold Trust持仓较上日增加12.02吨，当前持仓量为1064.56吨；全球最大 白银ETF iShares Silver Trust持仓较上 日增加533.01吨，为2023年1月以来的最大单日增幅，当前持仓量为16599.25吨。 4、美国总统特朗普表 示，如果马杜罗摆出强硬姿态，这将是他最后一次能够摆出强硬姿态；还称正在建造三艘大型航空母 舰，新的舰艇将高程度地由 人工智能控制，还将增加航空母舰。 5、美媒报道，俄罗斯已开始撤离驻委 内瑞拉外交官家属，撤离行动从星期五开始，包括妇女和儿童，俄罗斯外交部官员正在以非常严峻的语 气评估委内瑞拉的局势。 6、据CNBC，熟悉情况的人士透露，美国总统特朗普可能在明年1月第一周任 命新的美联储主席。 7、美联储理事米兰敦促继续降息，但淡化降息5 ...