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NEW YORK (AP) — The U.S. stock market rose to the edge of its all-time high on Friday. The S&P 500 added 0.2% and finished just 0.3% shy of its record closing level, which was set in October. It had briefly topped the mark during the day, before paring its gain. The Dow Jones Industrial Average added 104 points, or 0.2%, and the Nasdaq composite gained 0.3%. The modest moves capped a quiet week for Wall Street, offering a respite following weeks of sharp and scary swings. Ulta Beauty helped lead the ma ...

Netflix is reportedly the odds-on favorite to acquire competitor Warner Bros. Discovery, but its shares were down more than 1% in intraday trading after closing at a seven-month low on Wednesday https://t.co/LEJg4NHXWx ...

Core Viewpoint - The ongoing bidding war for Warner Brothers assets, particularly between Netflix and Paramount, raises concerns about potential litigation and the strategic rationale behind Netflix's interest in these assets [1][4][5]. Group 1: Bidding Dynamics - Netflix's bid for Warner Brothers is seen as unnecessary by some investors, leading to dissatisfaction and a drop in share prices to an eight-month low [3][4]. - Paramount's bid is perceived as cleaner, with fewer antitrust concerns compared to Netflix's acquisition, which could lead to regulatory challenges [6][11]. Group 2: Asset Value and Strategy - Warner Brothers' intellectual property, including its extensive library, is viewed as a significant asset that could enhance Netflix's business model [5]. - The potential acquisition of HBO Max could provide Netflix with options to either eliminate a competitor or integrate it into their platform [5]. Group 3: Implications for CNN and Other Assets - If Paramount's bid succeeds, it would gain control over CNN, leading to discussions about potential mergers with CBS and the future direction of CNN's editorial stance [8][9]. - Netflix's focus remains on studios and streaming, indicating a lack of interest in cable networks like CNN, which would be left to the new Discovery Global company [10].

Paramount Skydance had been considered the front-runner in the bidding war for Warner Bros. Discovery, but signaled on Thursday that it felt it is losing to Netflix in a process it deemed unfair. ...

M&A Activity - Paramount has raised its breakup fee to $5 billion in its bid for Sky Dance, indicating confidence in clearing regulatory hurdles [1] - Netflix is reportedly the lead bidder for Sky Dance, with its bid now consisting of 85% cash, raising concerns about the price being too high [3][4] - Warner Brothers Discovery's M&A situation continues to dominate the media landscape, with concerns about antitrust implications due to overlapping businesses among bidders [2][5] Antitrust Considerations - Paramount is viewed as having an advantage from an antitrust perspective due to its management's relationship with the administration [6] - Netflix's global size and its pursuit of studio and streaming assets may present regulatory challenges not only in the U.S. but also internationally [7] Box Office Trends - The box office is still recovering from pre-pandemic levels, with expectations for improvement next year due to increased supply from studios like Amazon and MGM [8] - There are concerns about consumer demand, as presale tracking for upcoming films like Avatar shows softer than anticipated interest [9] - A rebound in animation is noted as a positive trend, but there is a desire for a more diverse mix of original titles and budget sizes to alleviate pressure on theaters [10]

Core Insights - Wall Street analysts anticipate that Dave & Buster's (PLAY) will report a quarterly loss of -$1.19 per share, reflecting a significant year-over-year decline of 164.4% [1] - Revenue projections for the upcoming quarter are estimated at $460.15 million, which represents a modest increase of 1.6% compared to the same quarter last year [1] Earnings Projections - The consensus EPS estimate for the quarter has remained unchanged over the past 30 days, indicating that analysts have not revised their initial projections during this period [1][2] - Revisions to earnings projections are crucial for predicting investor behavior and are linked to short-term stock price performance [2] Key Metrics Analysis - Analysts predict that 'Entertainment revenues' will reach $291.82 million, indicating a year-over-year decline of 1% [4] - 'Food and beverage revenues' are expected to be $168.24 million, suggesting a year-over-year increase of 6.2% [4] - The forecast for 'Stores Count - End of Period' is 241, an increase from 227 reported in the same quarter of the previous year [4] Stock Performance - Over the past month, shares of Dave & Buster's have increased by 22.6%, significantly outperforming the Zacks S&P 500 composite, which saw a change of only 0.1% [5] - Despite recent gains, Dave & Buster's holds a Zacks Rank of 4 (Sell), indicating expectations of underperformance relative to the overall market in the near future [5]

Group 1 - Live Ventures Incorporated will release its financial results for the fiscal year ended September 30, 2025, on December 11, 2025, before market opening [1] - A conference call to discuss the financial results will take place on December 11, 2025, at 2:00 p.m. Pacific Standard Time [1] - The company encourages participants to dial in at least 15 minutes in advance for the conference call [1] Group 2 - Live Ventures is a diversified holding company focused on value-oriented acquisitions of domestic middle-market companies [2] - The company's acquisition strategy is sector agnostic, targeting well-run, closely held businesses with a proven track record of earnings growth and cash flow generation [2] - Live Ventures was founded in 1968 and refocused into a diversified holding company in 2011 under the leadership of CEO Jon Isaac [2] - The current portfolio includes subsidiaries in various industries such as textile, flooring, tools, steel, and entertainment [2]

Economic Overview - U.S. private employers cut 32,000 jobs in November, reversing October's gains and indicating renewed labor-market weakness [1] - The ADP data showed broad declines led by small businesses and major sectors like manufacturing and professional services, with pay growth continuing to slow [1] Market Reaction - The Dow Jones Industrial Average rose over 400 points, closing nearly 0.9% higher at 47,882.90, driven by expectations of an upcoming rate cut [2] - The S&P 500 and Nasdaq also saw gains, closing at 6,849.72 and 23,454.09 respectively [2] Company Performance: Salesforce - Salesforce reported third-quarter revenue of $10.26 billion, slightly below expectations, but adjusted earnings of $3.25 per share exceeded estimates of $2.86 [3] - Remaining performance obligations increased by 11% to $29.4 billion, with AI-driven products generating $1.4 billion in ARR [3] - The company raised its full-year revenue and earnings outlook [3] Company Performance: Snowflake - Snowflake's stock increased by 2.05%, closing at $265, but dropped 7.9% in after-hours trading to $244.05 [4] - The company posted third-quarter revenue of $1.21 billion, with adjusted earnings of 35 cents, beating estimates [5] - Revenue rose 29% year-over-year, and remaining performance obligations jumped 37% to $7.88 billion, although slower fourth-quarter operating margins were forecasted [5] Company Performance: UiPath - UiPath shares rose 3.92%, closing at $14.86, and jumped 6.5% in after-hours trading to $15.82 [6] - The company reported third-quarter revenue of $411 million and adjusted earnings of 16 cents per share, exceeding expectations [7] - ARR increased by 11% year-over-year to $1.78 billion, with strong margins and positive free cash flow reported [7] Company Performance: iRobot - iRobot's stock surged by 73.85%, closing at $3.39, following reports of a potential executive order from the Trump administration to boost the robotics industry [8] - The stock reached a high of $3.50 and a low of $2.12, but slipped 2.4% in after-hours trading [8] Company Performance: Netflix - Netflix shares fell by 4.93%, closing at $103.96, with an intraday high of $106.87 and a low of $102.03 [9] - The company reportedly explored acquiring Warner Bros. Discovery's studios and streaming operations, framing the deal as a consumer cost-cutting bundle with HBO Max [10] - The merger discussions faced political pushback, including criticism from the Pentagon and GOP objections over Netflix's potential market power [10]

Core Insights - Paramount Skydance has raised its proposed breakup fee to $5 billion in its bid to acquire Warner Bros. Discovery (WBD), indicating a strong commitment to the deal [2][8] - The bid is unique as it aims to acquire the entire Warner Bros. Discovery (WBD) business, including its film and television studios, streaming services, and cable networks, which may appeal to WBD's board and shareholders [3][8] - Other media companies, such as Comcast and Netflix, have also shown interest in parts of Warner Bros. Discovery (WBD), highlighting the competitive landscape for its valuable content library [4] Antitrust Concerns - A full merger between Paramount and Warner Bros. Discovery (WBD) would likely raise significant antitrust issues due to the consolidation of major media assets, potentially leading to a 32% share of the North American theatrical market [5][8] - Analysts suggest that such market concentration would result in rigorous regulatory scrutiny and possible divestitures [5]