Brew Markets Warner Bros Has Words With Paramount & Turning Losses into Tax Advantages
Dec 17, 2025
Josh Krugman, the Head of Brokerage Product Strategy at Fidelity, joins to demystify tax-loss harvesting, explaining how investors can cleverly offset taxable gains. He shares insights on the wash-sale rule and emphasizes the peak times for harvesting losses, especially December. Ann also dives into Warner Bros.'s tough rejection of Paramount's offer, questioning its financial solidity. Additionally, there's discussion on the merger of Coursera and Udemy, and a spotlight on Jabil's thriving AI-driven manufacturing business.
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Warner Bros Questions Paramount's Cash
- Warner Bros. board called Paramount's offer potentially illusory due to an opaque Ellison trust and capped liability.
- The board warned the offer could be terminated or amended and might not cover deal-related damages.
SEC Filing Spills M&A Timeline
- Warner Brothers filed a detailed SEC document outlining timeline, bidder contacts, and executive payouts in the deal.
- Ann Berry said the document even lists who spoke to whom and when, making it a juicy public read.
Coursera + Udemy: Scale Meets Curation
- Coursera and Udemy will merge with Coursera shareholders owning ~59% and Udemy 41% of the combined company.
- The deal targets $115M annual run-rate cost synergies and aims to combine Coursera's curation with Udemy's scale.