智通财经网·2026-01-22 09:28Core Viewpoint - Morgan Stanley and Allen Company are significant beneficiaries in the bidding war for Warner Bros. Discovery, with each set to earn $90 million from the transaction [1] Group 1: Financial Gains from the Transaction - Morgan Stanley and Allen Company will each receive $90 million as advisory fees from the Warner Bros. transaction [1] - Morgan Stanley earned an additional substantial amount for its role in providing a $17.5 billion bridge loan to Warner Bros., which facilitated the separation of its cable news network and sports programming [1][2] - Warner Bros. disclosed that Morgan Stanley earned $189 million from financing and related services before the sale transaction was finalized [2] Group 2: Details of Fees and Earnings - Morgan Stanley's total fees from Warner Bros. are expected to reach $282 million, with over half, or $189 million, coming from bridge loan financing and other fees [3][4] - Morgan Stanley will also receive $30 million in merger fees by December 1, 2026, and an additional $45 million after the transaction is completed [5][6] - Over the past two years, Netflix has paid Morgan Stanley an extra $3 million for advisory services [7] Group 3: Allen Company's Earnings - Allen Company is also expected to earn at least $90 million from the transaction, having received at least $6 million from Warner Bros. over the past two years [9] - Allen Company earned $20 million for providing fairness opinions on Netflix's acquisition proposals [9] - Allen Company is set to receive $30 million in merger fees by December 1 and $40 million upon transaction completion [9]