Squawk on the Street Peltz's Trian Strikes a Deal, Paramount Amends WBD Offer, Nvidia and Tech Rise 12/22/25
Dec 22, 2025
David Faber, an on-air CNBC correspondent known for his insights on media and M&A, joins the conversation to dissect significant market moves. He reveals that Nelson Peltz's Trian Partners is taking Janus Henderson private in a $7.4 billion deal. Faber also breaks down Paramount's revised $30 offer for Warner Bros. Discovery amid regulatory concerns. Additionally, he discusses Nvidia's plans to ship H200 chips to China and the shifting dynamics of the tech sector, providing a sweeping view of the evolving landscape as the holidays approach.
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Take-Privates Driven By AI And Flexibility
- Jim Cramer sees a wave of take-privates as firms seek flexibility away from quarterly scrutiny.
- He argues AI-driven reinventions are easier to execute privately than under public market pressure.
Paramount Tightens Financing Case For Bid
- Paramount amended its $30 all-cash offer to address Warner Bros. Discovery's financing concerns, including an irrevocable trust guarantee from Larry Ellison.
- David Faber says the change shifts the contest toward value and forces Warner's board to respond on how they value spun-off networks.
Global Networks Are The Key Valuation Question
- The Paramount vs. Netflix battle hinges on differing treatments of global networks and debt, making valuation of spun assets critical.
- Netflix's bid excludes global networks, so determining their public-market value will influence which offer is superior.