Squawk on the Street Paramount and Netflix Battle For WBD, Trump's Green Light to Nvidia, Altman on AI Fears 12/9/25
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Dec 9, 2025 Paramount Skydance has launched a hostile $30 per share bid for Warner Bros. Discovery, sparking a strategic battle with Netflix, which recently secured Warner Bros. assets. In political news, Trump greenlit Nvidia's sales of H200 chips to China, raising national security concerns. OpenAI's Sam Altman discusses AI adoption and job impact on "The Tonight Show." Meanwhile, Walmart CEO Doug McMillon emphasizes consumer spending shifts and operational enhancements, while PepsiCo faces activism pressures on margins. The hosts also explore the Fed's impact on market dynamics.
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$100B Media Showdown Reveals Complex Stakes
- The Paramount vs. Netflix fight is a high-stakes, multi-week takeover battle with antitrust and shareholder dynamics at play.
- Warner Bros. Discovery's 14D-9 response and Netflix share movement will shape whether the deal survives or faces activist pressure.
Ellison Asserts Full Financing Backstop
- David Ellison insisted the $41 billion equity was fully backstopped by his family and Redbird, denying financing concerns.
- He emphasized no financing condition existed in the last offer submitted to the Warner Bros. Discovery board.
HBO And Library Drive Antitrust And Value Debate
- HBO and the studio/library assets are central to antitrust scrutiny and valuation in any deal.
- The delta in how global networks and legacy content are valued drives the bidding calculus between suitors.