Bloomberg News Now November 13, 2025: WSJ: Paramount, Comcast, Netflix Preps Bids for Warner, Verizon Eyes Job Cuts, More
Nov 14, 2025
Ross Gerber, CEO and co-founder of Gerber Kawasaki Wealth and Investment Management, shares his insights into the competitive bids for Warner Brothers Discovery from Paramount, Comcast, and Netflix. He explains how Netflix and Comcast's involvement may escalate costs and complicate Paramount's takeover strategy. The discussion also touches on Verizon's plans to cut up to 20,000 jobs as part of a major transformation, along with other significant industry news. Gerber's expertise sheds light on the dynamic landscape of media mergers and corporate reshuffling.
AI Snips
Chapters
Transcript
Episode notes
Bidders Complicate Warner Bros. Deal
- Paramount, Comcast, and Netflix are preparing competing offers for Warner Bros. Discovery, complicating a single-buyer deal.
- Ross Gerber says Comcast and Netflix moves will make it very expensive and difficult for Paramount to acquire the company.
Strategic Block Against Paramount
- Ross Gerber interprets Comcast and Netflix interest as strategic moves to block a cheap sale to Paramount.
- He warns that allowing a low-cost deal would create a formidable competitor to existing media players.
Verizon Plans Massive Workforce Cuts
- Verizon may cut up to 20,000 jobs, about 20% of its workforce, under new CEO Dan Schulman.
- The expected dismissals will span roles and levels across the company as part of a major transformation.