派拉蒙天舞（Paramount Skydance）今日向美国特拉华州衡平法院提起诉讼，试图阻止 WBD 与 Netflix 达成的收购交易，并推动股东支持其对 WBD 的整体收购要约。 1 月 13 日消息，围绕华纳兄弟探索公司（Warner Bros. Discovery，以下简称 WBD）的控制权争夺进一 步升级。 除法律手段外，派拉蒙还计划在 WBD 年度股东大会上提名董事候选人，推动否决 Netflix 交易，并提 议修改公司章程，要求任何有关有线电视频道的分拆方案必须经股东批准。 针对上述举动，WBD 发表声明回应称，尽管派拉蒙天舞已持续六周发布声明和新闻稿，但"既未提高 报价，也未解决其要约中明显的重大缺陷"，并认为诉讼缺乏实质依据。WBD 董事会表示，其已一致 认定派拉蒙的交易方案不优于与 Netflix 达成的协议。 去年 12 月，WBD 同意将其流媒体和电影业务以 827 亿美元（IT之家注：现汇率约合 5778.97 亿元人民 币）的价格出售给 Netflix。 根据该交易方案，WBD 旗下的 Global Networks（主要为传统有线电视网络）将被剥离，成立一家名为 Discove ...

Core Viewpoint - Revolution Medicines (RVMD.US) shares surged 15.46% to $123.99 in pre-market trading following reports that Merck is in discussions to acquire the company for a price between $28 billion and $32 billion, potentially marking one of the largest pharmaceutical deals since Pfizer's $43 billion acquisition of Seagen at the end of 2023 [1]. Group 1: Company Performance - The closing price of Revolution Medicines on January 8 was $107.39, reflecting an increase of 4.56% [1]. - The pre-market price on January 9 reached $123.99, with a notable increase of $16.60 [1]. - The stock experienced a trading volume of 13.6073 million shares, with a total market capitalization of $20.761 billion [1]. Group 2: Market Metrics - The stock's highest price during the session was $112.43, while the lowest was $94.516 [1]. - The average price recorded was $102.925, with a price-to-earnings ratio indicating a loss [1]. - The stock's 52-week high was $112.43, and the 52-week low was $29.17 [1].

Group 1 - The core point of the news is that White Horse Outdoor Media (00100.HK) announced a voluntary conditional offer by Yonghe Global Limited to acquire all shares of the company, with the offer being represented by CICC and CLSA [1] - The offer includes a cash option of HKD 7.12 per share, which matches the closing price on the last trading day, or a share option to exchange for one share of the holding company, Chengling II Development Limited [1] - The holding company is a non-listed investment holding company registered in the Cayman Islands and is wholly owned by Chengling Development [1] Group 2 - The company stated that the initial offer did not meet the acceptance threshold required under Bermuda company law and takeover code, thus the offeror could not enforce the acquisition of the offer shares, and the company maintains its listing status on the stock exchange [2] - The initial offer received a strong response with an acceptance rate of 88.20% of the total issued shares, including 1.22% held by the sole shareholder of Jifa Holdings, Mr. Han Zijing [2] - The offeror believes that the offer price of HKD 7.12 is highly attractive to the majority of shareholders, and to enhance the appeal of the offer, both cash and share options are available for acceptance [2]

Core Viewpoint - Paramount Skydance has valued Warner Bros. Discovery's (WBD) cable networks at $0.00 per share, factoring in expected debt and costs, which positions its $30-per-share offer more favorably compared to Netflix's $27.75 bid for streaming and studio assets only [1][2]. Valuation Comparisons - Paramount acknowledged a "theoretical possibility" that WBD's cable assets could trade at up to ~$0.50 per share, making its offer appear more attractive [2]. - The lower valuation of Discovery Global enhances the appeal of Paramount's proposal, with previous assessments being more optimistic [3]. - In past communications, Paramount had floated a $1-per-share value and later suggested a $1.40 valuation based on Wall Street consensus regarding Versant, a new cable TV company [4]. Market Performance Impact - Paramount's recent analysis reflects the poor stock performance of Versant, which has lost over 25% of its value since trading began, contributing to a more pessimistic outlook for WBD's networks [5]. - A Business Insider analysis indicated that WBD's networks could be valued at approximately $1.20 per share based on Versant's valuation [5]. Asset Comparison - Media analysts have drawn comparisons between Versant and WBD's cable networks due to similarities in asset mixes, with Versant owning CNBC and live sports rights, while WBD has networks like CNN and TNT [6]. - WBD has countered these comparisons, asserting that its cable assets have greater scale, profitability, and a stronger international presence [7]. Strategic Positioning - Analysts argue that WBD's cable assets are more valuable than Paramount suggests, with the WBD Board confident in generating significantly higher value through a strategic review process [8]. - Paramount is attempting to persuade WBD shareholders that its all-cash offer presents more financial security compared to WBD's arrangement with Netflix, supported by a $40.4 billion equity backstop from Larry Ellison [9].

Market Overview - U.S. stocks showed mixed performance with the Nasdaq Composite gaining over 50 points, while the Dow decreased by 0.03% to 48,962.01 and the S&P 500 rose by 0.14% to 6,911.52 [1] - Energy shares increased by 2.9%, while utilities stocks fell by 2.2% [1] Company Performance - AngioDynamics, Inc. reported better-than-expected second-quarter results with adjusted EPS of $0.00, surpassing market estimates of a loss of $0.10 per share. Sales reached $79.433 million, exceeding expectations of $76.300 million [2] Commodity Market - Oil prices rose by 0.5% to $58.58, gold increased by 0.6% to $4,477.40, silver gained 2.4% to $78.505, and copper rose by 1.4% to $6.0565 [5] European Market - European shares were mostly higher, with the eurozone's STOXX 600 gaining 0.3%, Spain's IBEX 35 Index rising 0.5%, London's FTSE 100 increasing by 1%, Germany's DAX gaining 0.4%, and France's CAC 40 slipping by 0.3% [6] Asian Market - Asian markets closed mostly higher, with Japan's Nikkei 225 up 1.32%, Hong Kong's Hang Seng Index up 1.38%, China's Shanghai Composite surging 1.50%, while India's BSE Sensex fell by 0.44% [7] Notable Stock Movements - Alumis Inc. shares surged 148% to $20.54 after positive Phase 3 trial results for envudeucitinib in psoriasis [8] - Envirotech Vehicles, Inc. shares rose 73% to $0.6699 following a merger announcement [8] - Cyclerion Therapeutics Inc. shares increased by 54% to $2.13 due to an expanded collaboration with Medsteer [8] - Instil Bio Inc. shares dropped 53% to $5.78 after discontinuing clinical development of AXN-2510 [8] - MOBIX LABS, INC. shares fell 45% to $0.18 after announcing a $6.0 million stock offering [8] - BitVentures Ltd – ADR shares decreased by 23% to $11.40 [8] Economic Indicator - The Logistics Manager's Index declined for the second consecutive month to 54.2 in December, down from 55.7 in the previous two months [9]

Core Viewpoint - Larry Ellison, co-founder and CTO of Oracle, is personally backing his son David Ellison's acquisition bid for Warner Bros. Discovery with a $40.4 billion irrevocable personal guarantee, addressing concerns about the financing capabilities of their company, Paramount Skydance [2][3]. Group 1: Acquisition Details - David Ellison's Paramount Skydance proposed an all-cash acquisition offer of $108 billion for Warner Bros. Discovery, equating to approximately $30 per share, which was rejected by the Warner Bros. Discovery board [2]. - The Warner Bros. Discovery board opted to partner with Netflix instead, agreeing to sell its film production and streaming assets for about $83 billion [2]. Group 2: Financing Concerns - The rejection of the acquisition offer was primarily due to doubts regarding the Ellison family's financing capabilities, with board members criticizing the financing plan as "unrealistic" and highlighting the risks associated with the "revocable family trust" [3]. - Larry Ellison's submission of the $40.4 billion guarantee aims to eliminate these financing concerns, as it represents about one-sixth of his personal net worth of $247.3 billion [3]. Group 3: Strategic Positioning - David Ellison emphasized that their acquisition proposal is the only way to maintain the overall integrity of Warner Bros. Discovery, contrasting with Netflix's plan that excludes the global television network division, which includes CNN [4]. - The decision now lies with the Warner Bros. Discovery board to choose between continuing their partnership with Netflix or negotiating with the buyer who has committed $40 billion in personal assets [4].

Company Performance - Ultragenyx Pharmaceutical Inc. shares fell 42% to $19.84 following the announcement of Phase 3 study results for setrusumab (UX143) in Osteogenesis Imperfecta (OI) [1] - Mereo BioPharma Group plc shares dropped 90% to $0.23 after its Phase 3 studies for setrusumab did not achieve statistical significance against primary endpoints [5] Market Movements - Republic Power Group Ltd surged 163% to $0.69 [5] - Brand Engagement Network Inc jumped 84.3% to $2.21 after entering a Vendor Services Project Agreement [5] - DigitalBridge Group Inc rose 9.9% to $15.30 following the announcement of its acquisition by SoftBank Group for approximately $4.0 billion [5] Precious Metals Sector - Hycroft Mining Holding Corporation was down 14% to $21.61 as precious metal stocks traded lower due to a retreat in commodity prices [6] - Silver prices pulled back after reaching an all-time high, impacting related stocks [6]

Core Viewpoint - Wanshun Ruqiang Group (08427) has announced a revised agreement to acquire a 1% stake in Shenzhen Wanshun Jiao Che Cloud Information Technology Co., Ltd. for HKD 34 million, following previous negotiations and adjustments to their collaboration strategy with the seller and target company [1] Group 1: Acquisition Details - The buyer, Gallant Empire Limited, which is wholly owned by the company, will settle the purchase through the issuance of promissory notes [1] - The target company operates a ride-hailing platform in China, indicating a strategic entry into the high-growth ride-hailing industry [1] Group 2: Strategic Implications - The acquisition aligns with the company's long-term goals of diversification, innovation, and value creation [1] - The board believes that the acquisition is in the overall interest of the company and its shareholders [1]

Group 1 - The core point of the news is that UBTECH plans to acquire a controlling stake in Fenglong Co., Ltd. through a combination of agreement transfer and tender offer, totaling 93.96 million shares, which represents 43% of the company's total shares [1] - The share transfer price and tender offer price are both set at 17.72 RMB per share, reflecting a 10% discount compared to the last closing price of 19.68 RMB before the suspension on December 17 [1] - The total consideration for the acquisition amounts to 1.665 billion RMB [1] Group 2 - Fenglong Co., Ltd. announced that on December 24, an agreement was signed for the transfer of 65.53 million unrestricted circulating shares, accounting for 29.99% of the total share capital, from Chengfeng Investment to UBTECH at a price of 17.72 RMB per share, totaling 1.161 billion RMB [2] - Following the completion of the share transfer registration, UBTECH will issue a partial tender offer to all shareholders, with the number of shares to be acquired amounting to 28.45 million, representing 13.02% of the total share capital [2] - After the transaction is completed, the controlling shareholder will change from Chengfeng Investment to UBTECH, and the actual controller will change from Dong Jianggang to Zhou Jian [2]

Group 1 - EA's shareholders have officially approved the acquisition process led by the Saudi Arabian Public Investment Fund (PIF) for a total price of $55 billion [1] - The acquisition will provide shareholders with $210 per share in cash, representing a 25% premium over the unaffected stock price, and EA's stock price rose by 14.87% following the announcement [2] - Upon successful completion of the acquisition, PIF will hold 93.4% of EA, while Silver Lake and Affinity Partners will hold 5.5% and 1.1% respectively, effectively giving PIF complete control over the company [3] Group 2 - EA's notable titles include EA SPORTS, the Battlefield series, and The Sims series, with Battlefield 6 breaking records as one of the most successful releases this year, selling approximately 7 million copies and achieving 1.72 billion matches played [3] - EA's Q2 report for fiscal year 2026 showed a net booking of $1.818 billion, a 13% year-over-year decline, and net revenue of $1.839 billion, down 51% year-over-year, although Apex Legends saw double-digit growth in net bookings [3]