WSJ Tech News Briefing TNB Tech Minute: Warner Rejects Paramount’s Hostile Bid
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Dec 17, 2025 Warner Bros. has officially rejected a hostile bid from Paramount, shaking up the industry dynamics. Shares of Chinese AI chip startup MetaX soar impressively on their trading debut, making headlines. Meanwhile, California challenges Tesla, giving the company 90 days to revise its Autopilot advertising. Expect lively discussions as these developments unfold!
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Warner Stands By Netflix Deal
- Warner rejected Paramount's unsolicited cash offer and called it illusory due to funding concerns.
- Warner favors Netflix's $72B deal as superior and fully backed by a public company with an investment-grade balance sheet.
MetaX's Blockbuster But Risky Debut
- MetaX's shares jumped almost eightfold in their Shanghai debut, raising strong investor enthusiasm.
- The IPO raised about $596 million despite MetaX being unprofitable and trailing top domestic chipmakers.
China's Tech Independence Drives IPO Demand
- Investors are eagerly backing firms tied to China's tech independence push.
- Analysts warn MetaX remains a second-tier supplier behind Huawei and Canbercon technologies.