[music] Good Wednesday morning. Welcome to opening bid. I'm Yahoo Finance [music] executive editor Brian Sazzy and after an absolutely brutal workout last night, I am searching for some comfort.[music] And where do I find that comfort. You are wondering, diving to all things individual stocks. Hey, we all have our thing [music] and stocks and workouts are mine.Here's where my head is at right now. Now, lock yourself in a room [music] and have a deep think on this dose of research from the team at Barclays o ...

Core Viewpoint - Warner Brothers Discovery has officially rejected Paramount's tender offer of $30 per share in cash, citing various reasons for their decision [2][5]. Group 1: Rejection of Paramount's Offer - Warner Brothers Discovery's board has stated a clear "no thank you" to Paramount's bid, emphasizing that the offer does not meet their expectations [2]. - The rejection is based on claims that Paramount has misled Warner Brothers shareholders regarding the financial backing from the Ellison family, which Warner Brothers asserts does not exist [3][4]. Group 2: Financing Concerns - Warner Brothers highlights that Paramount's proposal relies on an "unknown and opaque revocable trust" for funding, rather than a solid commitment from the Ellison family [4]. - Despite Paramount's assertions that the Ellison family could provide the necessary equity of approximately $48 billion, Warner Brothers maintains that no such commitment has been made [5]. Group 3: Competitive Review Process - Warner Brothers claims to have conducted a transparent and competitive review process, establishing a level playing field for potential bidders [5]. - In contrast, Paramount feels disadvantaged and believes that their final offer did not receive adequate consideration from Warner Brothers [6]. Group 4: Regulatory Considerations - Warner Brothers does not believe there is a significant regulatory risk difference between Paramount and Netflix, countering the perception that Paramount would face a smoother regulatory review process [6][7]. - The ongoing situation raises questions about whether Paramount will increase its offer to trigger Netflix's matching rights under its merger agreement with Warner Brothers [7].

We thought that the streaming war had ended with a clear winner: Netflix, Inc. ( NFLX ). But it seems this saga has a sequel: the bidding warI’m a long-term investor focused on U.S. and European equities, with a dual emphasis on undervalued growth stocks and high-quality dividend growers. Through years of experience, I’ve learned that sustained profitability—evident in strong margins, stable and expanding free cash flow, and high returns on invested capital—is a more reliable driver of returns than valuatio ...

Core Viewpoint - The article emphasizes the importance of a comprehensive and objective analysis of financial statements for evaluating investment opportunities in large-cap companies, particularly focusing on a long-term investment strategy [1]. Group 1: Investment Strategy - The company employs a conservative investment approach, regularly purchasing shares with a portion of income intended for long-term holding [1]. - The investment strategy is based on a model that combines quantitative and fundamental analysis, allowing for an objective assessment of public businesses [1]. Group 2: Analysis Focus - The analysis primarily targets mega and large-cap companies, with updates conducted quarterly to refine investment perspectives [1]. - The model excludes banks, insurance companies, and REITs from its analysis, focusing instead on sectors where the company can provide a thorough evaluation [1]. Group 3: Investor Support - The main motivation is to assist private investors in making informed decisions by providing an independent view of large, well-known companies based on factual data [1].

Core Viewpoint - The market is skeptical about Netflix's proposed acquisition of Warner Bros. Discovery's streaming assets and film studios, fearing it may become a financial burden due to the high cost and potential debt involved [1][4][5] Financial Implications - Netflix plans to finance the $72 billion acquisition primarily through cash, despite having less than $9 billion in free cash flow over the past year, raising concerns about its financial stability [4] - The acquisition could necessitate a price increase for subscriptions, potentially leading to subscriber losses [7] Market Concerns - Investors are worried that Netflix's first large acquisition may be beyond its expertise, given the historical challenges of Hollywood mergers that often do not yield profitable outcomes [5][6] - The traditional film studio model, which relies on high-cost productions, contrasts with Netflix's successful subscription-based model, raising questions about operational integration [6] Management's Perspective - Netflix management believes the acquisition will enhance viewer experience by providing more content and potentially better value compared to separate subscriptions [10] - The company envisions leveraging its innovative approach to disrupt traditional media frameworks, aiming for cost efficiencies by combining fixed costs from both companies [11][12] Historical Context - Netflix has previously faced skepticism from investors but has consistently proven them wrong, maintaining its position as a leader in the streaming industry despite increased competition [13] - The outcome of this acquisition remains uncertain, with potential for both significant risks and rewards for shareholders [14]

Roku Inc (NASDAQ:ROKU) stock is on the rise, up 2.3% at $111.59 at last check, after a rare double upgrade from Morgan Stanley to "overweight" from "underweight," to go with a price-target hike to $135 from $85. The firm cited multiple tailwinds, including faster revenue growth, and expects a strong year ahead for the advertising industry. On the charts, Roku stock has been rallying since the start of the month, and could soon overtake its Oct. 31 three-year high of $116.66. During this rally, short interes ...

要点 YouTube TV将重塑美国电视格局。根据Omdia最新预测，到2027年，YouTube TV的付费电视用户数将超 过Charter和Comcast，成为美国最大的付费电视运营商，这将是首个由虚拟付费电视提供商夺得市场首位 的案例。 Omdia的分析显示，YouTube TV增长迅速，并持续扩展至传统付费电视领域。 美国付费电视市场概览（截至2025年底） 美国付费电视市场预测（2027年） Maria Rua Aguete（Omdia媒体与娱乐负责人）指出："在美国电视历史上，首次由虚拟提供商成为最大的付费 电视运营商。 YouTubeTV已经发展为完整的付费电视套餐，整合了线性频道、优质网络和标志性体育赛事（如NFL Sunday Ticket）。它不仅仅是另一个流媒体服务，而是美国付费电视的新面貌。" YouTube的双重优势：全球视频巨头与成长中的付费电视领导者 2025年美国流媒体领先者（Omdia预测） Rua Aguete指出： "认为Netflix是主导流媒体服务是误解。观众的注意力和支出分布在众多平台上。" Omdia研究显示，市场正向混合服务转型，融合线性电视、优质频道、体育直播 ...

Traders work on the floor of the New York Stock Exchange on Dec. 11, 2025, in New York City.Spencer Platt | Getty ImagesThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Cold front2. The KevinsKevin Hassett, director of the National Economic Council (L), and Kevin Warsh, former governor of the U.S. Federal Reserve.ReutersFormer Federal Reserve Governor Kevin Warsh has made his way to t ...

Group 1 - Netflix transitioned from a video rental service to a streaming giant, successfully driving competitors like Blockbuster out of business [2][3] - The shift to streaming was not initially well-received, as evidenced by a 59% drop in share prices following the Qwikster announcement [3] - Investors who bought shares during the Qwikster dip have seen significant returns, with some shares appreciating by 7,836% by December 2025 [4] Group 2 - It is unrealistic to expect Netflix to maintain its high growth rate over the next 14 years, with a hypothetical market cap of $34 trillion being deemed outrageous [5][6] - A $13,000 investment in Netflix today is unlikely to yield a million dollars in 14 years, suggesting that extraordinary returns would require exceptional circumstances [6] - Despite the challenges, there is still perceived value in Netflix, with potential for modest outperformance compared to the S&P 500 over the long term [7][8]

Core Viewpoint - The streaming industry is experiencing heightened competition, with Netflix pursuing a significant acquisition of Warner Bros. Discovery to expand its content library amidst rival Paramount Skydance's hostile takeover attempt [2][3][5]. Group 1: Acquisition Details - Netflix has announced a deal to acquire strategic assets from Warner Bros. Discovery, including its film and television studios and HBO Max, with an enterprise value of approximately $82.7 billion [5]. - Paramount Skydance is attempting a hostile takeover with an all-cash offer of $30 per share, valuing the proposal at an enterprise value of $108.4 billion [6]. - The deal has attracted regulatory scrutiny due to concerns over anticompetitive behavior [7]. Group 2: Strategic Implications - If the acquisition is successful, Netflix would gain valuable intellectual properties such as Game of Thrones and the Harry Potter franchise, which could enhance its competitive position [9]. - Netflix plans to keep HBO Max separate from its core streaming services but aims to promote it to its existing subscriber base of over 300 million [9]. - The acquisition is seen as a way for Netflix to strengthen its competitive moat in a consolidating streaming market [11]. Group 3: Financial Considerations - Following the acquisition, Netflix's debt could rise to $75 billion, nearly three times its EBITDA over the past four quarters, which may impact short-term financial performance [12][13]. - Despite the debt burden, Netflix's profitability has been improving, suggesting potential for increased profits in the long term [13]. - Currently, Netflix's stock is trading 30% below its all-time high, with a price-to-earnings ratio of 38, and analysts project long-term earnings growth at an annualized rate of 23% [12][14].