In media news this morning, reports saying that Warner Brothers Discovery is asking bidders to submit new Sweden offers by Monday. So, a lot of bankers are going to be working overtime this Thanksgiving. Rich Greenfield, co-founder of Lightshed Partners, good morning to you. What do you think these bids look like? I know you've you've you've said before that you know you think that Comcast Brian Roberts who controls this company at least currently uh needs to do this deal but also it appears that Netflix ma ...

智通财经APP获悉，在收到首轮报价后，华纳兄弟探索公司(WBD.US)正要求潜在买家提交改进后的收 购要约。据媒体援引知情人士报道，这家娱乐巨头要求竞购方在12月1日前提交改进后的报价。在审查 这些报价后，华纳兄弟探索公司可能会决定与其中一方进行独家谈判。 华纳兄弟探索公司于上月宣布，正对其资产进行战略评估，原因是收购意向频现，既有针对整个公司 的，也有仅针对其工作室和流媒体业务的。本月早些时候，报道称，华纳兄弟探索公司已设定圣诞节前 作为决定分拆或出售的最后期限。 派拉蒙天舞(PSKY.US)、奈飞(NFLX.US)和康卡斯特(CMCSA.US)上周均已提交报价，寻求收购华纳兄 弟探索公司的全部或部分资产。康卡斯特和奈飞对华纳兄弟探索公司的电影电视工作室和HBO感兴 趣，而派拉蒙天舞则希望收购整个公司。 ...

Jacek_Sopotnicki/iStock Editorial via Getty Images Listen below or on the go via Apple Podcasts and Spotify Paramount, Netflix and Comcast have all put in bids. (0:14) Stocks keep recently rally going. (0:57) HP slumps post-earnings. (1:17) The following is an abridged transcript: Our top story so far, Warner Bros. Discovery (WBD) is asking suitors to sweeten their bids after the first round of offers landed. According to Bloomberg, the company wants improved submissions by Dec. 1, after which it cou ...

Core Viewpoint - Paramount Skydance is positioned as a leading contender to acquire Warner Bros. Discovery (WBD), with a focus on CNN as a key asset in the bidding process [1][2]. Group 1: Bidding Dynamics - The bidding for WBD commenced with Paramount Skydance, Comcast, and Netflix submitting offers, with WBD owning significant assets including the top Hollywood studio and HBO [1]. - Paramount Skydance's owners, Larry and David Ellison, are uniquely interested in acquiring CNN, viewing it as a profitable business worth preserving [2]. - The Ellisons' bid is expected to face less regulatory scrutiny compared to Comcast and Netflix, which may encounter extensive reviews due to their political affiliations and past actions [5][13]. Group 2: CNN's Strategic Importance - CNN is perceived as a valuable asset due to its global reach and profitability, generating approximately $500 million in annual profits [10]. - The Ellisons believe that integrating CNN with CBS's news infrastructure could enhance its profitability and facilitate a transition to digital platforms [10]. - There is speculation that if Paramount Skydance wins, Bari Weiss may oversee CNN's editorial direction, aiming to reduce perceived bias [4]. Group 3: Regulatory Challenges - Comcast and Netflix are anticipated to face significant regulatory hurdles, with Comcast's potential merger raising antitrust concerns due to its MSNBC channel [13][14]. - The regulatory process for Comcast could extend up to two years, which may deter the WBD board from pursuing their bid if it is deemed too lengthy [14]. - Netflix's political affiliations may also complicate its bid, as it combines its streaming service with WBD's assets [15]. Group 4: Valuation and Market Sentiment - WBD's CEO, David Zaslav, aims for a deal valued at $70 billion, or $30 per share, but skepticism exists regarding the likelihood of achieving this valuation given the nature of the bids [11]. - The potential for tax implications from selling parts of the company could further depress WBD's valuation [12]. - The Ellisons believe they can offer around $27 per share, significantly lower than Zaslav's target, due to the anticipated regulatory advantages [15].

Market Overview - Markets are heading for their worst week in seven months despite strong Q3 earnings from US companies, driven by concerns over high valuations and the sustainability of AI investments [2][3] - The probability of an interest rate cut has decreased sharply from around 60% to 35%, contributing to market unease [3][8] - Global stocks are also experiencing significant declines, with tech-heavy indices in Japan and South Korea suffering major losses [4][39] Cryptocurrency Insights - Bitcoin has fallen below $82,000, marking a significant drop from last month's peak of $126,000, indicating increased volatility and skepticism about the AI boom's sustainability [5][53] - The cryptocurrency is on track for its worst monthly performance since June 2022, reflecting broader market pressures [4][53] Media Industry Developments - Warner Brothers Discovery is attracting bids from major rivals including Paramount, Sky Dance, Comcast, and Netflix, signaling potential consolidation in the media industry [6] - Paramount's bid is notably backed by Oracle co-founder Larry Ellison, highlighting the competitive landscape for valuable media assets [6] Technology Sector Dynamics - Google is facing legal challenges from the US government regarding its digital advertising practices, with the Justice Department seeking to force the company to divest parts of its ad technology [7] - SoftBank's shares dropped over 10% due to concerns about tech valuations, despite the company having sold its stake in Nvidia to invest in OpenAI [3][39] Labor Market and Economic Indicators - The US labor market showed an unexpected rebound with 119,000 jobs added in September, which may impact expectations for interest rate cuts [8][12] - The construction sector is experiencing growth, which is seen as a positive sign for future economic outlook [12][15] Retail Sector Performance - BJ's reported Q3 revenue of $5.35 billion, meeting expectations, but adjusted earnings per share missed by 2 cents, yet shares rose over 4% in pre-market trading [41] - Retail performance is being closely monitored as major retailers like Walmart and Target report earnings, indicating consumer spending trends [42][44]

Paramount, Comcast and Netflix have submitted bids for Warner Bros. Discovery, owner of the storied Warner Bros. movie and television studio and HBO https://t.co/ceJNEOkHOw ...

Core Viewpoint - The bidding war for Warner Bros. Discovery (WBD) is underway, with expectations that the final offer will be below the $30 per share target set by CEO David Zaslav, despite initial bids starting at $23.50 from Paramount Skydance [1][5][18]. Group 1: Bidding Participants - Paramount Skydance, led by David Ellison and backed by Larry Ellison, is a primary contender in the bidding process for WBD [2][5]. - Other major bidders include Comcast, led by Brian Roberts, and Netflix, managed by Ted Sarandos, Greg Peters, and Reed Hastings [2][10]. - Amazon and other media and tech companies have shown interest, but their commitment level remains uncertain compared to the main bidders [3]. Group 2: Bid Details and Expectations - Paramount Skydance has made an initial offer of $23.50 per share and is expected to enhance its bid to around $25 per share, with advice to avoid a costly bidding war that exceeds $27 per share [5][6]. - The bidding process is anticipated to continue until the end of the year, with Zaslav likely holding two to three rounds of bidding to increase the price [5][24]. - Paramount Skydance's bid is characterized by a high cash component (80%) and regulatory certainty, making it more appealing compared to the fragmented bids from Comcast and Netflix [13]. Group 3: Regulatory and Political Considerations - Comcast and Netflix face significant regulatory hurdles from the Trump administration, which may complicate their bids [7][20]. - The political landscape is a critical factor, as the Trump administration may favor Paramount Skydance due to its connections with the Ellison family, potentially leading to a quicker antitrust review process [18][20]. - If Comcast wins the bidding, it may face a lengthy antitrust investigation due to its existing debt and ownership of major studios, which could delay the acquisition process [10][20]. Group 4: Future Strategies - Zaslav is considering the possibility of breaking up WBD into separate entities if the bidding does not meet expectations, with a potential reevaluation of the sale next year [24][25]. - The WBD board must weigh the benefits of a quicker approval from Paramount Skydance against the lengthy regulatory processes associated with Comcast and Netflix [24].

CANADA - 2025/09/15: In this photo illustration, the Warner Bros Discovery logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesWarner Bros. Discovery (NASDAQ:WBD), the influential entity behind HBO, Max, Warner Bros. Studios, DC Entertainment, and a vast global footprint in television networks, has emerged as one of the most surprising comeback stories of 2025. The stock has risen to approximatel ...

甲骨文公司董事长拉里.埃里森之子大卫.埃里森在完成8月份以80亿美元收购派拉蒙并将其与天空之舞合 并后，一直在积极寻求收购华纳兄弟。埃里森家族似乎得到了美国总统唐纳德.特朗普的支持，并主张 派拉蒙的报价代表了最直截了当的交易方案。 华纳兄弟首席执行官大卫.扎斯拉夫则倾向于按原计划将公司一分为二，因为他预计电影与流媒体资产 若与陷入困境的有线电视资产分离，可能获得更高溢价。 主权财富基金代表未立即回应置评请求。受报道影响，华纳兄弟股价在纽约一度上涨6.4%，随后回吐 部分涨幅;派拉蒙股价亦一度上涨3.7%。 华纳兄弟(旗下拥有HBO、CNN及其同名电影制片厂)在收到多方收购意向后，于10月启动出售程序，并 将投标截止日定为周四。除派拉蒙外，奈飞(NFLX.US)和康卡斯特(CMCSA.US)预计也将针对华纳兄弟 的电影及流媒体业务提出收购要约，仅派拉蒙有意整体收购。 若交易达成，将重塑媒体行业格局，使两大顶级电影制片厂和两大最具影响力的新闻网络纳入同一集团 旗下，任何交易都可能引发监管审查。 派拉蒙天舞(PSKY.US)公司表示，关于其正与中东主权财富基金财团合作、拟以710亿美元收购华纳兄 弟探索(WBD.U ...

Core Viewpoint - Paramount Skydance has denied reports of collaborating with Middle Eastern sovereign wealth funds on a $71 billion bid for Warner Bros. Discovery, labeling the information as "categorically inaccurate" [1][2]. Group 1: Bid Details - The reported bid would value Warner Bros. Discovery (WBD) at approximately $28.65 per share based on outstanding shares, with significant backing from the Ellison family and RedBird Capital [2]. - Each sovereign wealth fund was said to contribute $7 billion, while Paramount Skydance would provide $50 billion for the bid [3]. - WBD's board previously rejected multiple offers from Paramount, including a bid of up to $24 per share [3][9]. Group 2: Market Reaction - Following the initial report, shares of WBD increased by as much as 6.4% in New York, while Paramount shares rose by up to 3.7% [3]. Group 3: Competitive Landscape - Other companies, including Netflix and Comcast, are also expected to make offers for parts of WBD's movie and streaming business, with Comcast CEO Brian Roberts recently visiting Saudi Arabia to explore a potential bid [7]. - Paramount is currently viewed as the only party interested in acquiring WBD entirely, which could significantly reshape the media industry by merging two major movie studios and influential news networks [8]. Group 4: Company Strategy - WBD CEO David Zaslav is reportedly in favor of splitting the company into two, separating its profitable streaming and film assets from its struggling cable TV networks [11][12].