Stock Movers Warner Bros. Poised To Reject Paramount, Affirm Rallies, Estee Lauder Rises
Dec 17, 2025
In this engaging discussion, Emily Grafeo, a Bloomberg Cross Asset Reporter, delves into Warner Bros. Discovery's decision to reject Paramount Skydance's takeover bid, highlighting financing concerns. They also explore the positive momentum for Affirm, with shares rising after strong performance trends were announced. Additionally, Estee Lauder is spotlighted as Bank of America’s top beauty stock for 2026, thanks to increasing demand in China and the U.S. Get ready for insightful market analysis!
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Warner Bros. Prefers Certainty Over Higher Bid
- Warner Bros. plans to reject Paramount's hostile bid because it views the Netflix deal as offering greater value and certainty.
- The board worries Paramount's financing, tied to a revocable trust, adds undue uncertainty compared with Netflix's offer.
Deal Backing Remains Diverse Despite Exit
- Even with Affinity Partners exiting, Paramount's offer remains backed by several influential Middle Eastern investors.
- That diversified backing could still keep the takeover bid viable if Paramount increases its commitment.
CFO Remarks Spark Affirm Rally
- Affirm's CFO told attendees at an industry event that quarter-to-date trends looked healthy, according to an Evercore ISI analyst.
- The comment helped lift Affirm shares as much as 12% during the trading session.