Wall Street Breakfast Paramount goes hostile for Warner
7 snips
Dec 8, 2025 Paramount is making waves with a $30 per share hostile bid for Warner Bros., stirring up industry intrigue. In tech news, Wedbush boosts Apple's target price, indicating a strong belief in its upcoming AI ventures. Meanwhile, transitions are underway at Berkshire Hathaway as key figures prepare to exit. Lastly, Bank of America suggests that political moves could benefit mid-cap stocks, signaling potential investment opportunities.
AI Snips
Chapters
Transcript
Episode notes
Paramount's Hostile $30 Share Bid
- Paramount launched a hostile $30/share all-cash tender to buy Warner Bros. Discovery outright instead of letting Netflix buy its assets.
- The bid touts $18 billion more cash to shareholders and claims better regulatory odds than Netflix's offer.
Big Backers And Regulatory Angle
- The bid is backstopped by the Ellison family, Redbird Capital and debt commitments from major banks and Apollo.
- Paramount argues regulatory approval is likelier under its plan and warns the Netflix deal faces antitrust risk.
Judge Curtails Google's Default Deals
- Alphabet fell after a judge limited default-search agreements to one-year terms with device makers.
- The ruling targets Google's ability to lock long-term default placements that bolster its mobile search dominance.