WBD

Affectionate-Panic-1

In 2026 they aren't really an innovative tech company, they should be priced more like traditional media. I'm not confident that they have better leadership than Apple, Disney, Paramount etc. If anything lately Apple and WBD (HBO) has had better original content.

Xzlk

NFLX so fkn desperate to buy something. Why? Outbid on WBD, outbid on Roku, now Lionsgate Studios? wtf do they even have????

EnnonGShamoi

Netflix has the chance to do the funniest thing, after Paramount poached their WBD acquisition...

Craicob

I’m saying no it can’t. If the deal goes through WBD stock holders get $31 cash for their stock. You don’t get some new PSKY stock if the deal goes through

Craicob

It doesn’t matter if the company can clear the debt post merger for WBD holders, it’s a cash buyout of the stock.

Remarkable_Cat_8696

WBD's shareholders will be in trouble if the deal doesn't go through.

Lost_in_Torontoh

DOJ just approved Paramount and WBD!!!! $PSKY This is going to to $100 plus in year

JellyfishFestival

The after hours chart for WBD is why algorithmic trading is not free money

Remarkable_Cat_8696

I almost forgot that Oracle needs to support the WBD buyout.

cinciNattyLight

That’s only 36.36(repeating of course)% WBD… looks like everyone is running out of cash!!!

Lost_in_Torontoh

PSKY is a much better play, when they get the WBD their gaming studio they just set up ( won't be a side project but it's going to be the main one ) going to be 40b on its own

FartPolluter

Absolute joke that PSKY merger with WBD over CNN gets so much attention when NVDA announce their locking up 70% of HBM4 capacity. Shows where the priorities are for your average ivy league linkedin douche

confusing_roundabout

Check almost any stock sorted by all time. It's rare that they return to their day 1 price. WBD for example only hit its starting price once the Netflix buyout was announced, like 8 years after the merger.

No-Fig-8614

Paramount offered a sweetened deal with more kickers like being able to pay for the breakup fees for Netflix (so Netflix didn’t challenge cause the got to walk away clean and get a giant cash infusion and didn’t want to fight anymore), they offered a breakup fee if it doesn’t work out to WBD if merger failed, they offered a tucking deal so if it doesn’t close fast enough they pay more to investors. They didn’t value the cable assets but now we are seeing they may be used to sell off as concessions to regulators like in the EU they plan to sell their kids channels so they don’t have a monopoly. Everyone also knew that they had a fast track in the current Trump admin. Literally Ted from Netflix flew into Washington then realized he wasn’t getting meeting with Trump and heard the new bid by paramount and decided to walk knowing he wouldn’t win the White House plus get a breakup fee. Also paramount reorganized some of the funding to make it better than their last offer. Also it showed they would just keep raising it and Netflix knew it wasn’t worth pursing. My guess is, if it gets past state and EU regulators, they won’t be able to keep paying the debt obligations and prepare to sell off specific assets that Netflix could then if they were of any value scoop up using the paramount breakup fees. It’s the biggest joke of a deal but if you look at the financing and who it’s coming from, the only people who will be hurt first is the Middle East countries backing like 20b of it, then Larry is putting up a ton of his equity on the table then the banks. Meanwhile David got to take home a massive bonus and can walk away with a good amount to $$$ personally. He won’t regardless of what happens.

Wannabe_Wolf

It's not so simple because the paramount offer includes the other assets (Cable TV) that are declining / supported by the core streaming business. Therefore, there offer is more attractive because it takes these off the WBD shareholders hands (I would guess these assets wouldn't have been able to survive for long on there own if spun off)

904Funk

Well my stop loss got hit on WBD. 3 years later…guess I’m happy with it. Should’ve sold when it hit $29 during the bidding war. https://preview.redd.it/vnvtc9h6ei5h1.jpeg?width=740&format=pjpg&auto=webp&s=cb89cd0134decd45558c0717ec022baf231e906b Buying CDNL, lots of it.

904Funk

Should I set stop loss for WBD at $26? I have 520 shares at 10.37avg should I just say F it and sell or hope the lawsuit shit falls through and get $5 more per share?

904Funk

hmmm what should I do with my WBD, on one hand I’m tired of waiting for the merger. On the other this news about States trying to block it, is laughable seeing the connections between our government and the ownership of PSKY.

Gortecz

Buy WBD, It's what AMD is to NVDA

proret4rd

WBD is free money

blacklassie

If your rationale for selling was reasonable (like it wasn’t a panic sale or impulse decision), then just move on. You can’t get hung up on what you can’t control. I bought some WBD when it was cheap and I sold it at $20 when it shot up over takeover talks. Could I have done a lot better when it peaked at $30? Sure, but I decided I was satisfied with my gains at $20 and cashed out. Also, the takeover talks could have just as easily stalled out, sending the price back down.

proret4rd

Loaded with WBD. I can't lose

Difficult_Physics704

I always knew ubisoft was the "penny stock " of all of the developers but now it's literally the truth lmao.. only reason I'd buy this is for the thought of them being bought and that sending the price up some. I mean look at WBD when they said they were selling.

FartPolluter

WBD is essentially probability merger will go ahead wher 31 = 100%, Cali AG is potential block not EU tbh

FartPolluter

if merger doesnt go ahead it will be due to Cali AG and PSKY should have relief rally. If it goes ahead, roughly 10% gain on WBD baked in. NFLX offer was 27 per share

FartPolluter

WBD is an interesting bet if it drops since PSKY procer per share is $31, so any further drop from here (market betting merger wont take place) could be worth bet

abrahamlincoln20

Most of the gains came from WBD, uranium, silver, gold, Intel, Google, Nokia, and a large amount of small, diverse positions.

SocratesDaSophist

Yeah I think the question can be thought of in 4 main ways: 1) Are there potential parts of the AI value chain that is yet to be fully priced in? I'd say software is the most obvious area so far this year. And while many could go hunting at smaller cap names, I think Microsoft is the most obvious one. You'll probably not make a spectacular return, but you might make a decent one for a few years. 2) Are there AI beneficiaries that aren't "hot"? Say ones who can save on costs for example. You can think of Accenture as one that could benefit on both costs & revenue. They could probably get a lot of big contracts once both the public/private sectors go big on AI deployment. 3) Are there other sound businesses in the market that have been unloved recently & could see a change in fortune? I think this is where there are the most opportunities if I'm honest. A stock like Netflix's has done nothing for the past 1.5 even after walking away from WBD. The stock of its closest competitor, Disney, has done nothing for 12 years. Not to mention homebuilders, retailers, insurance companies etc. 4) Can the winners keep going? I think if you believe the spending on AI infrastructure will continue, companies like ARM could easily still double. You can make a case for Oracle as well.

snowbunny_aficionado

Fuck WBD, I ain’t warnin no brother no more. PIN IT U MICKEY MOUSE FUX

snowbunny_aficionado

WBD might just rip post earnings. Mickey Mouse may print.

A_Shadow

>CNBC acting like a bunch of morons pretending like they've never heard of this before. >When they literally just interviewed Skydance buying Warner Bro's, which was 3x larger company than the buying company, not too long ago where their answer was "stock and cash". This is close to 5x the valuation, which is much higher to reach to 3..... Stocks+cash still puts them short of 18 million. All CNBC was asking is where that extra 18 million is coming from. With Skydance, Larry Ellison pretty much personally guaranteed Paramount Skydance's hostile takeover bid for WBD. So there was no question of is there enough money. Gamestop doesn't have a Larry Ellison equivalent.

tristis_veritas

We live in a free money environment. PARA leveraged to the tits to buy WBD, why not a glorified Treasury bill fund that also happens to sell funko pops?

ThiccyApes

Just like Paramount and WBD?

teacher_59

Like T and WBD. The holders of T got against our will. I sold that crap less than a minute after the market opened after that was forced on me. 

PlanetZooSave

So they're committed? That's what I'm saying, WBD is committed money, a new investment to buy eBay wouldn't be and might be too risky.

Iwubinvesting

Don't think the WBD acquisition is uncommitted.

Iwubinvesting

Saudis probably. Similar to WBD being bought my a much smaller company called Paramount

Last_Cauliflower3357

PSKY is also smaller than WBD. It has happened before.

calflikesveal

It was honestly Oracle taking over WBD rather than Paramount. Who is GameStop going to find?

Totallycomputername

How does paramount with a market cap is 12B buy out WBD at 67B. Funding. 

infinit9

Hey, why is WBD trading below $27 when the stock acquisition was approved by shareholders at $31? Are some people still betting that the merger wouldn't go through?

Bagholder147

He leveraged Oracle so his son could buy WBD .

its_probably_wine

Any thoughts on the WBD/PSKY $110B merger that was approved yesterday? Not much movement on either ticker. Is it priced in already? Can’t be…but is it? Figured it was an easy calls play but it’s super boring PM.

callmecrude

In some instances I would agree. However Paramount wasn’t the only buyer here. Netflix already set a floor price of $27.75 for WBD, and that’s without the additional $7B cash they’d be getting.

nevyn

> If the deal falls through then WBD receives $7B cash (10% yield). As a normal investor you won't see any of this. What'll happen is your shares will tank, and you'll lose piles in the short term or maybe it'll eventually recover a bit and you'll lose a smaller amount over a longer time period.

callmecrude

There’s currently a 13.4% yield on buying WBD and holding to the expected merger close date (32.2% annualized yield). If the closing date is extended then you’re paid an additional 4% yield in perpetuity. If the deal falls through then WBD receives $7B cash (10% yield). Anyone else playing this?

Practical-Bet-6561

What hall think about WBD n shi, we getting $31 or nah

wizards-hat

$LION poison pill ends May 7th. A buyout is incoming for Lionsgate Studio in my opinion once available for purchase. The company has been positioned to be acquired similar to $WBD $nflx $sony $appl $amzn Lionsgate CEO has Vesting Tranches: These options are split into three tranches that only vest if the stock hits price targets of $17.50, $20.00, and $22.50 $lion stock could easily be 2x in my opinion Let’s go! 🦁

wizards-hat

$LION poison pill ends May 7th. A buyout is incoming for Lionsgate Studio in my opinion once available for purchase. The company has been positioned to be acquired similar to $WBD $nflx $sony $appl $amzn Lionsgate CEO has Vesting Tranches: These options are split into three tranches that only vest if the stock hits price targets of $17.50, $20.00, and $22.50 Let’s go! 🦁

wizards-hat

$LION poison pill ends May 7th. A buyout is incoming for Lionsgate Studio in my opinion once available for purchase. The company has been positioned to be acquired similar to $WBD $nflx $sony $appl $amzn Lionsgate CEO has Vesting Tranches: These options are split into three tranches that only vest if the stock hits price targets of $17.50, $20.00, and $22.50 Let’s go! 🦁

stalkerzzzz

The 76 expectation did not include the 2.8 billion from WBD. When you adjust the 1.23 EPS they actually missed that expectation.

stalkerzzzz

They beat the expectations by that much because of the 2.8 billion they received from WBD, not because the business was doing that great.

wizards-hat

Load up on Lionsgate Studio ($LION). Netflix ($NFLX) could view it as a potential acquisition candidate now that Paramount bought ($WBD). $LION has a hit movie coming out this week that likely will exceed a billion dollars in my opinion. $LION Low market cap Low float Large amount of IP

inittoloseitagain

I owned WBD for a year - sold it for 100% gain…the week before the Netflix bidding war began.

Benz_Coinz

Free cash flow over 5B. The stock was punished when it was going to buy WBD, now they're punished again for not? Who cares if Reid steps away from the board. Stock is going to $120

Incorgnitos

But for the WBD deal fees, they would have missed EPS.

BrushTraditional3324

They missed on GAAP EPS They missed on revenue in US and Canada The 2.8 billion WBD breakup fee helped this quarter. They stopped reporting on quarterly subscriber growth (priced in)

Fiscal_Fidel

"Falls on Hastings Exit" is a misleading title. It mostly fell because of weaker earnings and weaker guidance. If the WBD buyout is normalized out, then these earnings were not stellar

BrushTraditional3324

Subtract the WBD breakup fee from eps and tell me if the numbers still look good. They missed on GAAP. They don't disclose subscriber growth quarterly anymore. They missed on US revenue. What am I missing.

BrushTraditional3324

Subtract the WBD breakup fee from eps and tell me if the numbers still look good. They missed on GAAP. They don't disclose subscriber growth anymore. And they missed on US revenue. What am I missing.

fudge_mokey

Does that EPS beat include the one time payment from the WBD/Paramount deal?

nonresponsive

Unironically, if they did announce they were getting into the datacenter business or something, that could prop up the stock a bit. They were willing to pay a premium for WBD content for a reason. But as of right now, they don't look like they have anything big coming on the horizon.

Much_Candle_942

He also told them to drop out of WBD bidding war, and get a windfall lottery of $3B. Was hoping the results would reflect that BIGLY! But nada..

GideonWainright

WBD, which would have been a mistake.  WB is a cursed asset.

UpstairsCheetah235

Next quarter is under expectations and doubling likely includes some one-off expenses (WBD breakup fee?)

Dstein99

I haven’t looked into the numbers but I heard the reported EPS includes the WBD breakup fee.

KaramTNC

As long as I dont check, I wont know xD. The only thing that helps me here is the fact that Im looking at the long term here. Netflix has been very strategic with their business and have accumulated huge cash reserves. They may not have gotten WBD but I believe that was fully intentional on their part to make Paramount overpay for WBD and take on their debt + debt for the money they had to borrow to buy WBD. If paramount buckles under the pressure, Netflix might end up buying both of them for much cheaper than their original proposal.

JellyfishFestival

I think it's interesting how PSKY has been on a tear the last couple weeks after selling off big time on the WBD deal. Meanwhile WBD languishes like a lump on the deep sea floor with a huge arb spread for a deal supposedly closing in a few months. Reading between the lines I see a market pricing in a growing likelihood of 'no deal' at some point. Even as a likely yes vote from shareholders nears.

WickedSensitiveCrew

Not sure why you lumped in Netflix. They tanked for an obvious reason they attempted to buy WBD. As soon as they pulled out stock went up.

TAKINAS_INNOVATION

The WBD deal was so dumb. I don’t know if they were serious or just trying to troll paramount.

Greenzombie04

Nflx likely flying higher after earnings which means it won't. The stock is down $20-30 from before the WBD deal that sunk it. Since then it hasn't fully recovered but got cash from Paramount and raised prices. Stock buyback will likely be announced since it was suspended to buy Warner.

wakaWear

!Banbet $WBD 29 17d

Financial-Pianist-44

The projection numbers are insanely optimistic. Both WBD and PSKY lose money over the years. There is a reason why combined market for both is a <100 bil while nflx market cap is 500 bil. Margins don’t magically improve because of “synergy”. If anything WBD exec heads are notoriously problematic and its negative synergy. There’s a reason why WBD bounces around acquisitions. Tldr, your position can pump on news and short term catalysts. Sell your options then dont hold leaps

ai-moderator

#TLDR --- **Ticker:** PSKY **Direction:** Up **Prognosis:** Buy Shares (around $11.77) & LEAP Calls **Catalyst:** WBD Merger Approval (Expected April 23rd) **Primary Risk:** Imminent World War III mmmmkay

ai-moderator

#TLDR --- Ticker: PSKY Direction: Up Prognosis: Buy shares (OP is in at $11.77) and LEAP Calls before April 23rd. Catalyst: Regulator approval for the WBD merger and relying on "Daddy Ellison's" Oracle money to handle the $79B debt load. Math Strategy: Charlie Kelly conspiracy board (verified by AI). Primary Risk: World War 3 (bad, mmmmkay).

SouthKen2020

He’s putting the company in play. If we’ve learned anything from WBD, it should be that the first offer isn’t the best. Also, AI music fears overblown IMO. 75%+ of Spotify consumption is catalog music.

ShadowLiberal

If you own them through an ETF then the ETF's fund manager votes for you. If you own the individual shares then you get to vote on them. I asked Gemini about the ownership of WBD shares, and the numbers it gave me were: * Institutional ownership - 71% to 72% * Retail / General Public - 23% to 24% * Insiders - 5% to 6% If that's accurate then some of the institutions like Fidelity/Vanguard/etc. would have to vote against the deal.

Dstein99

I don’t own any shares so it doesn’t matter but WBD was $12/share before the deal, without the deal the price may not go all the way back down to $12, but it won’t stay at $27 and it certainly won’t go up to $31. I don’t think Paramount can compete without the acquisition which is why they were so aggressive in their bidding process. Over the past 2 years Paramount’s revenue has been flat declining by 2.5%. This looks like a Spirit Airlines situation where the FTC did not allow Spirit to be acquired because that would eliminate competition and Spirit was not able to survive and declared bankruptcy. The government wanted to keep competition and they won, so they got less competition and more layoffs than if the acquisition would have gone through. Paramount has tens of thousands of employees so it could be a situation that if the deal doesn’t go through tens of thousands of employees could lose their jobs anyways. The combined company would be a third viable competitor to Disney and Netflix benefiting the consumer rather than having 2 separate companies unable to compete with the big dogs.

Sufficient_Ad_2590

The stock would get higher for WBD if the break up fee happens. Why not get money and save jobs?

ShikaStyleR

I'm not even a shareholder of WBD, but I'm an accountant, and I know how to read financial statements 

switch8000

Only one more month till I can sell all my WBD winnings as a long, and get out of this stupid acquisition.

traderbusto

McKinsey charged WBD $55 million in consulting fees to rebrand HBO to HBO Max, $37 million to shorten HBO Max to Max, and $63 million to revert the name back to HBO Max. Why am I even going to work today?

reaper527

> I don’t think there’s anywhere else to go for this company but down anyone buying it is basically going all in on a buyout (similar to what happened with WBD). they have desirable IP's so it's not completely off the table as a possibility, but it's equally possible (if not more probable) that they enter bankruptcy, the shareholders get nothing, and the IP gets sold in bankruptcy like what happened with thq/midway/acclaim.

WinstonSalemSmith

Internet/Social Media investors are not generally interested in the easy money. This distinguishes them from people like Buffet or old school retail investors who just say OK there is an oil war in the Middle East I will buy oil stocks. Social Media people will do nothing or buy puts, based on the correct assumption that oil prices will decline at some point. But when? These people also don't touch things like WBD at $20 during a bidding war or NFLX below $100 today. These are just boring money making trades, but not real conversation starters. Long XOM XLU AMLP SFL April/May calls on OILK Puts on JETS

Portland_st

In 5 years, Netflix will be able to buy both Paramount and WBD for less than half of what they offered for WBD.

HunterMichael92

Congrats! I'm up as well net overall, some big swings these past 3 weeks, but its amazing that retail investors are selling this "specific" stock with broader market as it heads into what could be the best swan song for a media company in recent time. Far outpacing WBD in terms of share price movement from $6 and up. My max allocation will be 75-80% of my portfolio. I see $LION as a sure bet these days compared to just buying index funds and overvalued tech stocks. Media companies need massive libraries to keep viewers engaged, and locking up $LION and letting streaming deals expire at all competitors creates something truly inimitable.

dtlabsa

If Netflix purchase of WBD wasn’t approved, or if they walked away from the deal, they would have had to pay WBD $5B.

Cav829

At the rate PSKY is going, Netflix is going to get a buy 1 get 1 free deal on them when they get WBD in the end anyway.

unholy-confetti

Puts on WBD for raceswapping Snape

tokin_and_quotin

Sorry if I worked you up with what I said, brother. Also I was referring to multiple companies, not just Palantir. And I'm not saying they are going to crash and burn. In fact I'm sure they will be just fine. I'm saying they might struggle a bit more when the current administration is gone. Trump has very publicly provided support and preference for these companies. For example, consider the TikTok takeover, the recent lawsuit between Paramount Skydance and Netflix over WBD, or the strange Tesla car show on the White House lawn last year. The next administration will likely just be more neutral. And if that's too politically biased for you, then you _really_ need to loosen up.

tokin_and_quotin

Sorry if I worked you up with what I said, brother. Also I was referring to multiple companies, not just Palantir. And I'm not saying they are going to crash and burn. In fact I'm sure they will be just fine. I'm saying they might struggle a bit more when the current administration is gone. Trump has very publicly provided support and preference for these companies. Just look at the TikTok takeover, the lawsuit between Paramount Skydance and Netflix over WBD, or the Tesla car show on the White House lawn last year. The next administration will likely just be more neutral.

No_Translator_6673

But isn't that the very reason why Larry Ellison had to come to the table - i.e. to basically underwrite the cost of the WBD acquisition? So, they aren't dependent on the existing lenders for finance?

BlackSheepInvesting

Finding assets that are overvalued is not hard, just search random tickers and it's like shooting fish in a barrel. As for undervalued securities or assets, I think in SaaS right now, the mania is swinging the other way, and some of the companies do seem interesting. Plenty of value traps in there too though. ADBE is very interesting. I actually made a video on them on my channel, and will be making another one this coming week or two hopefully. They're buying back serious shares at these levels. CROX is also super interesting. People seem to think HeyDude failing = Crocs failing, and I just don't see it at all. The valuation is absurd and they're buying back shares like mad. I was long WBD, but now that they are getting acquired by PSKY, I'm out. I don't think there's value there in the combination to drive outsized returns from current prices. I'd be interesting in what undervalued companies or sectors are 'hot' right now (in a bad way haha). It just seems everywhere you look, there's mania on the bull side and I'm having lots of trouble finding value.

HunterMichael92

Very simply, if you back out one time revenue factors and you look at $LION as a arms dealer of content to the largest streamers of the world, it sits at approximately $1.1 billion on evergreen and licensable content. Now that Starz is separated, LION has a backlog of upcoming releases already baked into debt which is going to be paid down significantly in their FISCAL year 27 (their fiscal year is ahead of the calendar year). Estimates based on just MICHAEL alone show a debt load going sub-three billion by 2028 (per analyst & earnings conferences). Now you take a company with $2.5-3bn in debt, a library value of $1bn+ a year, and pricing power that a single streamer could let all deals expire an bring a massive title library into their own fold, lets call it 8-10x revenue, having the company be worth without future film value, and production value, rougly $7 billion excluding debt. Warner Brothers just traded at a 22x Library Revenue, I applied a 50+% discount to account for the IP value in addition to pure library value, and other licensing/broadcasting rights that WBD owns. WBD prices their networks at essentially a nominal value, and a majority of the value on the massive IP library they already have created, like LION, the value is in the content that already exists. Simply put, on acquisition, I see a bidding war simply because LION already owns a significant chunk of content that exists on many competing platforms, but a single platform can own this library for their own massive long term benefit.

Totallycomputername

The WBD bid showed they have been looking to expand beyond standard streaming. I hope they find some success 

Capital6238

> WBD Why would he? WBD is not even profitable. VR was always a bet to become less dependent on Alphabet and Apple. While Meta is super profitable, their entire business model depends on Android and iOS. Some privacy changes on iPhone cost them billions before. Trying to own a platform failed, but I see the logic behind it.

C001H4ndPuk3

Enough that he could have bought WBD.

URWorthLoving

So paramount paying for WBD to break contract with Netflix is buying Netflix this studio and they still have 2.2bil left over?

OptionsandOptions

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OptionsandOptions

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