Warner Bros. Discovery, Inc.'s board of directors urged shareholders to reject Paramount Skydance’s hostile takeover bid for the company, arguing that it poses "significant" risks and costs.  The media behemoth said Wednesday that members of its board determined that the tender offer from Paramount Skydance was "not in the best interests" of the company or its shareholders, and that they continue to "unanimously" recommend the Netflix merger.Warner Bros. Discovery agreed to sell its film and television stud ...

Market Overview - The equity markets ended marginally lower, with the BSE Sensex closing at 84,559.65, down 120.21 points or 0.14 percent, and the NSE Nifty falling 41.55 points or 0.16 percent to settle at 25,818.55 [2][9] - Nearly two-thirds of traded stocks declined, with 2,761 out of 4,328 stocks on the BSE experiencing losses, and 196 stocks hitting 52-week lows [2][3] Currency Impact - The Indian rupee opened at a record low of 91.07 against the US dollar but briefly recovered to 89.96 before falling back above 90, influenced by continued foreign outflows [3][4] - The rupee's volatility is expected to persist, with predictions of trading in the 89.80–90.80 range [4] Sector Performance - Among sectoral indices, Nifty PSU Bank saw a gain of 1.20 percent, while Nifty Media dropped by 1.80 percent, with Nifty Realty and FMCG also lagging [6] - The Nifty Midcap 100 declined by 321.95 points or 0.54 percent, and the Nifty Smallcap 100 fell by 126.60 points or 0.73 percent [6] Notable Stock Movements - Shriram Finance led the gainers, rising 2.07 percent to ₹866.00, followed by State Bank of India at ₹976.35, Hindalco at ₹848.00, Eicher Motors at ₹7,143.00, and Tata Consumer at ₹1,180.00 [7] - On the losing side, Max Healthcare plunged 3.71 percent to ₹1,033.20, Apollo Hospitals fell 1.98 percent to ₹6,912.00, and HDFC Life slipped 1.49 percent to ₹752.95 [8] Technical Analysis - The market faced resistance near 25,920/84,900, forming a bearish candle on daily charts, indicating a negative trend [9] - A decisive slip below 25,700 could trigger a correction towards 25,500–25,400, while the 25,950-26,000 zone is expected to act as crucial resistance [10]

Core Viewpoint - Warner Bros. Discovery's board has unanimously rejected Paramount's $108 billion hostile bid, citing concerns over the financial backing from the Ellison family and the overall risks associated with the deal [5][7][8]. Group 1: Warner Bros. Discovery's Position - Warner's board reaffirmed support for Netflix's $27.75 per share proposal, stating it is the best deal for shareholders and urged investors not to tender shares to Paramount [2]. - The board expressed that Paramount's proposal contained "gaps, loopholes and limitations," including the ability for Paramount to amend the offer [1]. - Warner's board criticized Paramount for failing to provide a solid financial commitment from the Ellison family, which they deemed necessary for the deal [6][17]. Group 2: Paramount's Offer and Strategy - Paramount's proposal includes a cash offer of $30 per share, valuing the entire company at $78 billion, and it plans to absorb Warner's debt, bringing the total deal value to $108 billion [4][10]. - David Ellison, Paramount's CEO, has argued that their offer provides superior value and certainty compared to Netflix's bid, emphasizing the backing from the Ellison family [11][19]. - Paramount disclosed plans to rely on $24 billion from sovereign wealth funds and $11.8 billion from the Ellison family for the equity portion of the deal, alongside needing over $60 billion in debt financing [13][14]. Group 3: Market Reactions and Implications - Netflix shares rose by approximately 0.25% to $94.79, while Warner Bros. Discovery closed at $28.21 and Paramount at $13.10 [1]. - The Warner board noted that the ultimate decision regarding the bids rests with its shareholders, indicating that the situation remains fluid [20]. - Paramount has made six offers for Warner Bros., with the most recent proposal lacking a clear commitment from the Ellison family [15].

Warner Bros. Discovery is advising its shareholders to reject a hostile takeover bid by Paramount in favor of its original agreement with streaming giant Netflix https://t.co/iV8hNqVjDw ...

Core Viewpoint - Warner Bros. Discovery (WBD) has urged shareholders to reject Paramount's $108 billion hostile takeover proposal, asserting that Netflix's previously accepted offer is superior [1]. Group 1: Concerns About Paramount's Offer - WBD expressed concerns regarding the lack of a financial commitment from the Ellison family, which is crucial for the certainty of the deal funding [2][3]. - The letter from WBD labeled Paramount's offer as "illusory," highlighting the risks associated with the potential for Paramount to amend the offer [7]. - WBD's board concluded that Paramount's offer is inadequate and imposes significant risks and costs on shareholders, failing to address key concerns raised in previous engagements [7]. Group 2: Competitive Landscape - The competitive landscape for WBD has narrowed down to Netflix, Paramount, and Comcast, with Comcast withdrawing after Netflix's offer was accepted [6]. - Netflix's offer of $82.7 billion is highlighted as a competitive process that benefits consumers, creators, and stockholders, with a commitment to theatrical releases for Warner Bros. films [8]. Group 3: Future Implications - Regardless of the outcome, the deal is expected to be one of the most expensive media mergers in history, significantly impacting the entertainment landscape [9]. - The industry is facing skepticism due to recent job losses at major studios and networks, raising concerns about the future of Warner's portfolio, which has changed ownership multiple times in the past decade [9].

Jared Kushner’s Affinity Partners is exiting the takeover battle for Warner Bros. Discovery Inc. in a political and financial blow to a foundering hostile takeover bid for the fabled studio. The private equity firm withdrew its backing of Paramount Skydance Corp.’s proposal to buy Warner Bros., which the studio plans to reject. Most Read from Bloomberg Paramount is seeking to scupper Netflix Inc.’s $82.7 billion deal for Warner Bros. in a bidding war that stands to reshape the entertainment industry, w ...

New York-based Fox Corporation (FOX) operates as one of the world’s top news, sports, and entertainment companies. With a market cap of over $28.1 billion, Fox operates through Cable Network Programming, Television, Credible, and The FOX Studio Lot segments. Companies worth $10 billion or more are generally described as "large-cap stocks." Fox fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the media industry. More News from B ...

Group 1: Market Overview - US stocks experienced a broad rise, with the S&P 500 and Nasdaq 100 increasing nearly 0.2%, and the Dow Jones Industrial Average adding 0.3% [1] - The rise comes after a mixed performance in the previous session, indicating a potential recovery from recent slumps [1] Group 2: Company-Specific News - Oracle's stock declined after reports that Blue Owl Capital will not support a $10 billion deal for its next data center, raising concerns about the use of debt in funding tech capital expenditures [2] - Micron Technology's upcoming quarterly results are anticipated to provide insights into demand for AI semiconductors, as the company supplies chips for Nvidia's server systems [2] - Tesla's stock has positively influenced the tech sector, achieving its first record close in about a year, driven by investor enthusiasm regarding its robotaxi ambitions [6] - Netflix's stock rose after Warner Bros. Discovery's board urged shareholders to reject a rival bid from Paramount Skydance, raising questions about funding guarantees [6] Group 3: Economic Indicators - The November jobs report revealed a larger-than-expected increase in jobs alongside the highest unemployment rate since 2021, creating uncertainty about future interest rate paths [4] - Federal Reserve officials, including Chris Waller, indicated that there is still room to cut rates, suggesting a potential reduction of "50 to 100 basis points" [5]

Trump can still do right by the economy, shareholders and even Hollywood. ...

分组1 - Warner Brothers Discovery advises shareholders to reject Paramount's offer in favor of the existing deal with Netflix, citing greater value and certainty [2][3][25] - The board believes the Netflix agreement is more favorable as it does not include traditional pay-TV networks, making it a cleaner deal [4][26] - Concerns about Paramount's financing and regulatory approval processes are highlighted, with potential involvement from political figures [20][21][23][24] 分组2 - The stock performance of Warner Brothers has been declining, down approximately 2.5% on the day [2] - The broader market shows mixed results, with the Dow Jones Industrial Average down about 300 points (0.6%) and the S&P 500 down 16 points (0.2%) [6][7] - The technology sector, led by Tesla, is a notable gainer, with Tesla closing at a record high, up 3% [8][13] 分组3 - Energy stocks are the biggest losers, with the S&P 500 energy sector down 3%, attributed to oversupply concerns and falling oil prices [16][17] - Pfizer's shares fell 3.4% after the company projected little to no sales growth for the next year [18] - Frontier Group's shares dropped 11.2% following the announcement of a new interim CEO [18] 分组4 - Resolve High, an Eye Solutions company, saw its stock rise nearly 40% intra-day, expecting annual recurring revenue to exceed $200 million [12] - Comcast was a top performer, gaining about 5.5%, despite being under pressure over the past months [10][11]