Warner Bros. Gets Hostile Bid from Paramount, Tesla Falls, Strategy Rises
On this episode of Stock Movers: - Warner Bros. Discovery (WBD) received a hostile takeover bid from Paramount Skydance for $30 a share in cash on Monday, just days after the company agreed to a deal with Netflix Inc. The offer values Warner Bros. at $108.4 billion, including debt. The bid compares with Netflix’s offer of $27.75 in cash and stock. Paramount’s offer is for all of Warner Bros., while Netflix is interested only in the Hollywood studios, HBO and the streaming business. Warner Bros. shares were up 3.1% to $26.90 at 1:35 p.m. in New York on Monday. Paramount was up 8% while Netflix was down 4.3%. - Elon Musk is eager to transform Tesla (TSLA) into a robotics and artificial intelligence company, but the electric-vehicle maker’s stock price already reflects those businesses and is at a “full valuation,” according to Morgan Stanley, which lowered its rating on the company to the equivalent of a hold, its first cut since June 2023. Tesla shares trade at about 210 times projected earnings over the next 12 months, making it the second most expensive company in S&P 500 Index, trailing just Warner Brothers Discovery Inc. at 220 times and well ahead of third place Palantir Technologies Inc.’s multiple of 186. The stock fell as much as 3% on Monday to trade around $441. - Strategy (MSTR) shares rose in trading Monday after the digital asset treasury company said it bought $962.7 million worth of Bitcoin from Dec. 1 to Dec. 7, marking its largest acquisition since July. Strategy’s Bitcoin holdings are now worth more than $60 billion, but the company’s premium to its token holdings has continued to shrink. Strategy’s enterprise value at one point worth more than 2.5 times its Bitcoin holdings, but that has now fallen to a multiple of 1.1.See omnystudio.com/listener for privacy information.
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Warner Brothers Discovery Rises, IBM Drops, Carvana Jumps on News it Will Join S&P 500
On this episode of Stock Movers:- Warner Brothers Discovery (WBD) shares rise after President Trump says the proposed Netflix and Warner Bros. deal would “create a big market share” and “could be a problem.”- IBM (IBM) shares are down after news that the company is buying the data-streaming platform Confluent Inc. for $11 billion including debt, marking one of its largest takeovers yet and a major bet on the kind of enterprise software that artificial intelligence tools need to perform tasks in real time. - Carvana (CVNA) shares rise following news it will join the S&P 500 Index starting Dec. 22. BofA Global Research raised its price target on the used car retailer citing the S&P Dow Jones Indices announcement.See omnystudio.com/listener for privacy information.
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Netflix Drops, Tesla Falls, IBM Down After News of Confluent Purchase
On this episode of Stock Movers:- Netflix (NFLX) shares drop after President Trump says the proposed Netflix and Warner Bros. deal would “create a big market share” and “could be a problem.”- Tesla (TSLA) shares fall after Morgan Stanley downgraded the electric-car maker to equal-weight from overweight, saying non-auto catalysts priced into the stock. - IBM (IBM) shares are down after news that the company is buying the data-streaming platform Confluent Inc. for $11 billion including debt, marking one of its largest takeovers yet and a major bet on the kind of enterprise software that artificial intelligence tools need to perform tasks in real time.See omnystudio.com/listener for privacy information.
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Warner Bros. Discovery Deal; Confluent-IBM Deal; Carvana to Join S&PP 500
On this episode of Stock Movers:- Netflix’s (NFLX) $72 billion deal to acquire Warner Bros. Discovery (WBD)sets up a sweeping antitrust regulatory fight, as the world’s largest streaming platform seeks approval to absorb HBO Max and one of Hollywood’s marquee studios. President Donald Trump said Sunday he would be personally involved in the decision-making process and that there “could be a problem.”- International Business Machines (IBM) is buying the data-streaming platform Confluent (CFLT) for $11 billion including debt, marking one of its largest takeovers yet and a major bet on the kind of enterprise software that artificial intelligence tools need to perform tasks in real time.IBM has agreed to buy Confluent for $31 a share, according to a statement issued Monday. That represents an equity value of around $9.3 billion, according to Bloomberg calculations. The companies expect the deal to close by the middle of 2026.- Carvana jumps after being selected for inclusion to the S&P 500.The company will join the benchmark in a quarterly rebalance at the end of December, S&P Dow Jones Indices said Friday.See omnystudio.com/listener for privacy information.
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Netflix-Warner Deal May Pose Problem; Tesla Falls; IBM Deal
On this episode of Stock Movers:- President Donald Trump raised potential antitrust concerns around Netflix’s (NFLX) planned $72 billion acquisition of Warner Bros. Discovery Inc., noting that the market share of the combined entity may pose problems. Trump’s comments, made as he arrived at the Kennedy Center for an event on Sunday, may spur concerns regulators will oppose the coupling of the world’s dominant streaming service with a Hollywood icon. The company faces a lengthy Justice Department review of a deal that would reshape the entertainment industry.- Tesla (TSLA) shares fall as Morgan Stanley downgrades the electric-car maker to equal-weight from overweight, saying non-auto catalysts priced into the stock. - International Business Machines (IBM) is in advanced negotiations to acquire data infrastructure firm Confluent for around $11 billion, the Wall Street Journal reported, citing people familiar with the matterSee omnystudio.com/listener for privacy information.
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