WBD

Greenzombie04

I want Oracle to crash and burn so Paramount has to be like we can't buy WBD now.

geelinz

And Netflix buys WBD and Paramount.

Bright_Albatross649

it would be fucking funny if the WBD deal caused oracle to go bankrupt and pop the ai bubble

Bright_Albatross649

i mean when your kid throwing billionaire son tantrums for almost not getting WBD and the fucking bankers are dumping your debt, makes sense to chill for a bit

calm_discussion_3500

I was very upset as a NFLX holder as it seems fairly clear (to me anyway) they were muscled out due to political connections, not price. NFLX has the balance sheet and people to really utilize WBD. I've had nothing but terrible experiences with the Paramount app. They have the worst tech and management in the business it seems. If they do more censorship it's not going to be popular with customers either. That all said, the thing they do have going for them is that they just knocked out a really big competitor and the field is thinning.

ComprehensiveKiwi489

Paramount and WBD both have studios and news stations, which means they have a lot of duplicative employees, which can be reduced. They think they can get to $6B in annualized savings once merged and cost savings are done. The question is whether they can execute that.

WickedSensitiveCrew

They their reported their Q4 earnings just a couple weeks ago. Apollo is not heavily dependent on software valuations.. They invest more in: industrials, credit, infrastructure, and insurance assets. They recently started buying into sports teams. APO most recent credit deal in the news was helping Paramount fund its acquisition of WBD.

the_mind_goblin1

Larry needs to use that cash to finance his WBD purchase

jwilliams35

after months in a downtrend, NFLX will grind higher every day, 0.5% at a time. $105 by March 20th. That's where the WBD breakdown started.

Zealousideal_Look275

More like needing to come up with the money to over spend on WBD

barbpatch

AMD. I've made a modest amount of realized profit this year by just buying when it's below $200 and selling when it's above $200. I think by summer AMD will run again, but this ><200 limbo has been going on for a while now GLXY depending if you think crypto will start to recover. If you think further tanking is ahead then wait. HOOD, same deal as GLXY. I'm heavy in PSKY too and I think it will run again when the WBD deal closes but its been a lot of pain 😬

chiswis

WBD cash crunch

cwhmoney555

Gotta pay for WBD somehow

TheMericanIdiot

Junk is an understatement! Save this comment I guarantee you trump admin will give them tax payer money in some way, with tax breaks or some bs government contracts that will pay them out billions in exchange for killing WBD news sources.

NeotroO

That WBD merger needs to repayed.

FuckingJPMAlgos

Or should we say the WBD buyout is taking its toll on daddy's empire.

Soberdonkey69

I thought these tech companies kept saying that AI would bring more jobs. Also, he now needs to fund his son’s purchase of WBD, so I hope the shares tank even more.

Individual-Habit-438

I think WBD is a nice buy as it appears to set a floor at 28. If you want something low risk that can go up 10% over the next 6-12 months it's a good buy with a very high chance of closing at 31.

Beetin

> The new company has a total Enterprise value of $111Bn NOTE: WBD actual valuation was more like 71 billion before bids, so the bid is going to generate a 30 billion goodwill asset. Paramount already had to incur a 6 billion goodwill impairment charge in 2024, but still has 10 billion on the books in 2025. Warner bros has about 25 million in goodwill because of their huge merger, and had to write down 9.1 billion in 2024 too. So they are going to be a 110 billion dollar company with potentially 60 billion of that valuation in goodwill assets, for companies that had to wipe out 15 billion of that artifical 'value' in the last two years. Their real assets are miniscule.

Individual-Habit-438

I think it's a good time to load up on WBD and hold for a safe play. The cash-in price of $31 is about 10% up from here (28.00) and the target date for a merger close is 6-9 months from now. That's a 15-20% annualized return for low risk. That merger has tailwinds from the feds and insane amounts of money and influence. It will happen.

hustlemannn

For Paramount-WBD, I'm skeptical. The debt load, cultural integration challenges, and declining linear revenues create a value trap. I'd be a seller on any post-deal bounce. The $2.8B breakup fee and 26% stock recovery vindicate that decision. In M&A, the best deals are often the ones you don't do.

crustang

Good thing daddy is going to guarantee WBD gets paid

staggs

Something is awry. PSKY financials are all over the place, how they could offer $110B for a much larger company is very strange. Further WBD should likely sue Paramount when the deal falls through for obvious reasons, they could have sold it to NFLX who was more likely to produce the deal.

minin71

Im just glad my dogshit $WBD shares are being closed at a profit. 

EmergencyFair6786

Saudis bought WBD. Apparently that's okay...

Gurnsey_Halvah

The Middle East backers don't care. They're happy to invest billions in US influence. Just like they overpaid for control of Twitter. "The second round of offers for all or part of Warner Bros. Discovery are in from Paramount Skydance, Netflix and Comcast. And the new, higher offer for all of WBD from David Ellison’s Paramount is backed in part by the sovereign wealth funds of Saudi Arabia, Qatar and Abu Dhabi, sources tell Variety."

TheComplimentarian

If you mean WBD, he's a gooner.

kn1f3party

NFLX will end up acquiring it all for less than their WBD bid.

Craicob

Except it’s not because PSKY could have scooped up CNN even with Netflix buying the streaming and studios divisions. WBD was in the process of splitting up before PSKY came in wanting everything.

AntoniaFauci

Corrupt MAGA FCC commissioner Brendan Carr of course signalling he is going to overlook media concentration concerns with Paramount taking out WBD. And of course MAGA sleaze Joe Kernen grossly misrepresenting everything about this on CNBC. He’s claiming that liberals were opposed because they wanted to preserve “one side only” in news media. He goes on to say the real problem causing Netflix stock to drop is because Netflix “has some of the WORST programming I’ve ever seen, you can’t find something to watch”. He goes on: “you know where I do find something good? Paramount Plus” This is the same anchor who is a personal friends and regular golf buddy of the President but doesn’t disclose the conflict when reporting.

TheoryInttro

Question: the Ellison acquisition of WBD was financed with Saudi money and Larry's backing. What happens when the Saudis have to back out of not just this but all their AI deals and the value of Oracle shares tanks and takes Larrys fortune with it?

billyd1984texas

Friday’s total option volume of 78.0 million contracts resulted in net open interest growth of 9.42 million calls and 9.30 million puts. NVIDIA (), Netflix (), Tesla () and Technologies (SOFI) saw the greatest growth. Top five new positions opened include 202k Warner Bros. Discovery (WBD) Oct-26 20 puts, 191k NVIDIA (NVDA) 3/6 weekly 155 puts, 93k SoFi Technologies (SOFI) Mar-26 19 calls, 91k Netflix (NFLX) Aug-26 105 calls and 91k Netflix (NFLX) Aug-26 125 calls.

Prudent-Corgi3793

NFLX up +29.72% in the last week. That’s over $120 billion in market cap. For reference, WBD’s market cap is $70 billion and PSKY’s is $14 billion.

hv876

NFLX made more in WBD termination fee than profit last quarter. This stock is going to 200. Get in now, loser.

outoftownMD

So shorting WBD after the deal goes through 

barbpatch

Do some research into Paramount and my advice, don't short it right now unless you want to lose your ass. Previous all time high was nearly $21 just on the rumor that they would buy WBD. Now they actually are buying it. Friday volume was over 10X normal

Material-Macaroon298

Sure it will. Netflix is truly massive. YouTube is truly massive. Disney is truly massive. Apple is massive. Amazon is massive. Paramount/WBD is still the smallest market cap even after a merger. It has a very good case it needs to have this ridiculous consolidated mountain of content to compete. Maybe it will have to sign some agreements that other streamers can licence some of its movies is all..

ReceptionSmall9941

Related read on the same expansion/M&A axis: Netflix stepping away from a large WBD asset bid to preserve capital flexibility and avoid dilution: https://modufinance.com/p/a199984a-a4b1-4d19-91fa-5c0580ca1ea8/ No position.

Skittler_On_The_Roof

There's pretty much no week that there wasn't news to suppress.   If I had my tinfoil hat this would have happened when details on the Trump sexual abuse came out, or if the WBD actually went through fully.

deadzead7

The streaming wars are just getting more expensive for us. For a stable 4K 'all-in-one' that has all the WBD, Netflix, and Paramount content in one place without the price hikes, check out ALWAYSTIVI .COM.

Fibocrypto

Who ends up with WBD current debt ? Paramount or Ellison ?

perceptive_AI

They going to AI generate movies/shows of WBD IP using Oracle's AI cloud servers

Material-Macaroon298

Paramount makes good content. WB also makes good content. I would trust Paramount/WB far more to produce a quality movie than Netflix or Amazon Prime - and Disney is good in its niche but not a first choice for making more adult themed media. And in any case, if I think back on actual good and rewatchable movies, many will be on this Paramount/WBD streaming service even if they somehow stop making much new that is good.

mrmrmrj

What matters is the combined debt at the new company. Love your callback to T paying the same price. To clarify, T did not sell it. WBD was spun off into the current independent public company.

Key_Seaweed8857

Up until yesterday at 7pm ET u coulda tendered out your WBD position at the $31 per share price in the Paramount offer. But that ship has sailed. Now depends on the deal going thru to get that price & I read where even Larry Ellison doesn’t have enough cash to back his son’s Paramount offer for Warner Bros. So not sure where this goes. Have some shares myself & just missed the deadline trying to tender them yesterday. So if it looks like the deal has a chance to fall apart it may be smart just to sell where they are at around $28, rather than wait for it to maybe fall thru then see shares tumble down to about the $10 range, which is around where they were when Paramount started to make its move on the company last September.

TheSleepyTruth

Eh, Ellison has run Skydance studios since 2006. Not outside the wheelhouse at all, but yes still being done primarily for political reasons and ego stroking since they are way overpaying for WBD.

siriuslycan

Monday-Wednesday: NPR reveals DOJ suppressing evidence of sexual abuse allegations against Trump involving a minor. Bipartisan investigation launches. Thursday: Anthropic banned for refusing autonomous weapons and surveillance. OpenAI takes the contract. Ellison-Paramount-WBD deal announced, consolidating CBS and CNN under a Trump ally. Friday night/Saturday morning: War launched against Iran without congressional authorization. Each story alone would dominate a normal news cycle for weeks. Together, they cancel each other out — which is, as Bannon said, exactly the point.

GoldenPresidio

Even though paramount is acquiring WBD, Whats essentially happening is the equivalent of WBD, which was saddled with debt and therefore underperformed, is acquiring Paramount with Paramount’s management taking over. The combined company will be saddled with a high debt load still Like massive cost cutting is going to need to happen. WBD already went through so many cuts, and they’re going to represent 2/3 of the newly combined company

michael_curdt

And now Paramount owns WBD. That means, Trump donors and supporters own CNN also.

Gold-Valuable8148

Just curious why WBD is priced lower than the buy price from Skydance?

49ers4life71

A bunch of state AGs bonding together to try to stop this merger. Mark Ruffalo leading this boycott. Probably better to buy puts on $WBD. That’s what I’m going to do Monday. If deal goes through sure you’ll get your $3 profit per shares but you may need to wait a year or more. Not worth it. A good chance imo this deal doesn’t go through and $WBD gets 5.8 bil from $PSKY and goes it alone.

Happy_Discussion_536

There is no fucking way NFLX actually didn't pay a little bit more for WBD because it was too expensive. Sarandos was at White House the day they pulled out. Trump told him in no uncertain terms. Back the fuck down before it gets any worse for you. I own NFLX and I don't care that that it's green today. This was a loss today for NFLX and everyone.

Plappedudel

Then maybe Disney should have bought WBD so both companies could end up in the shitter. Netflix really dodged a bullet there.

BlackopsBaby

Yup. Netflix will be able to buy both Paramount and WBD using just this break-up fee a few years down the line.

KaramTNC

Originally 80 billion with a mix of cash and equity. Then they changed it to full cash. Yeah paramount really just burnt a lot of cash to get WBD. Its clear that WBD board just wanted an out and took the highest price instead of whoever would be best for the company.

colenotphil

Hey I mean WBD hurt the HBO name, but wait until PSKY tops that by forcing John Oliver to wear a red tie.

Forsaken_Taro_1259

I mean tbh I think even Netflix knew that black gay LGBTQ Batman wouldn't sell. So no need for DC. On a more serious note, WBD has a lot of debt and Netflix isn't exactly booming as it once was and it's not a content issue. Or at least that's the way I see it. You can have all the analysis you want but ultimately the crowd determines which is correct, or is there even one? The price just moves, it doesn't mean one analysis is right

ExtraSmooth

The simple version is you can take out a loan worth multiple times your collateral, and banks are more willing to loan money if they think what you plan to do with it is a good idea that will return the value of the loan over time. When you put a down payment on a house, you put down 20% and the bank covers the rest, believing that you will be able to pay the rest back with interest over a long period of time. In this case, Paramount is essentially putting themselves up as collateral as well as WBD. The effect is to create one joint entity that can be harvested for parts if it goes bankrupt. It doesn't really matter how big the buying company is as long as they can get a big enough loan with manageable terms. In this case, it seems like powerful people in and out of politics are putting their thumbs on the scale to help secure the deal, hoping that the political wins will justify the business shortfalls.

PatientHelicopter123

Can't wait for the WBD comments to go away... After I get paid.

novwhisky

Yeah but NFLX dropped below $95 on their acquisition announcement, so the only real catalyst for those calls to print was WBD paying them the 2.8B breakup fee.

IAmPandaRock

Own a multi-billion competing studio and bid up the price of WBD and get a nice little $3B breakup fee for your trouble.

MyotisX

Netflix wants to buy WBD : -40% Paramount buys WBD : +20% ???

904Funk

Meanwhile, my 500 shares(been holding this shit since 2022) I want the full $31 for, I am worried about the deal falling through and WBD stock falling like $5-10. Been pondering selling

katalysis

Imagine if the Paramount-WBD deal now falls apart due to regulatory hurdles, so at the end of it all this is just Paramount paying $2.8B to Netflix for nothing.

Comfortable_Yam_9391

Mergers and acquisitions have breakup fees if they don’t go through. As part of paramounts bid, they agreed to pay the breakup fee, since WBD and NFLX already agreed to a deal. Paramount bid 108B of Jared Kushner Saudi money and Larry Ellison Oracle OpenAI debt as a company of 12B market cap. In addition, since NFLX/WBD had to back out of their original deal, Paramount is paying the breakup fee, as an incentive to win the deal. Since they won the deal, they pay the breakup fee for the WBD/NFLX merger, and now have their own breakup fee for WBD/PSKY merger, which is 7B that PSKY owes to WBD, if their merger does not go through

CryptoBoy-007

Not really. I see this comment quite often and even Netflix hinted as to what it is. With Paramount, WBD is an asset they must have. For Netflix, its nice to have. Paramount instead of a stagnant company, struggling to grow is now the 3 largest streamer, and the proud owner of the most known content IP on earth... etc

iShitpostOnly69

WBD has an enterprise value of over $100B at current market price which i consider near $115B

lineskogans

WBD does not have an asset value anywhere near $115B. The only reason a company like Netflix or Paramount might pay near that is because of the market share forces that only they can exploit. If a lending institution liquidates WBD after a Paramount default, they would lose a huge portion. This deal only happens because the Saudi’s are enabling Ellison.

The-Real-Recruit

looks like you'd get cash, yeah. as of yesterday the WBD board flipped to paramount's $31/share all-cash offer as the "superior" proposal, so if that closes you're looking at roughly $744 hitting your account and your shares disappearing.

hermeskino715

Ah. I thought WBD had to pay the 7b. Thanks for clarifying

iShitpostOnly69

WBD is the collateral not Paramount

Tr0janSword

It is an LBO but not a classic one. It helps a lot when your dad will buy $45.7 bn of equity, which dilutes your other shareholders by 80%. Then, you can raise another $57.5 bn in debt, and while taking on a $10 bn of WBD debt.

Rabbt

Damn. I should have done bidding to acquire WBD so that I get paid out as well. I would have dipped out at measly 1 bil.

barbpatch

Paramount is paying Netflix the break up fee and Paramount has promised 7 billion to WBD if the merger fails somehow. They are extremely confident it will go through smoothly. That's the whole reason Netflix backed out and Paramount persisted so long in trying to one-up Netflix's bid while also not raising the price very much - Paramount had confidence in regulatory approval, and Sarandos got the cold shoulder from the White House when he tried to persuade them. People were saying Paramount needed to go $33+ to win and they got it at $31 plus a bunch of fees they only have to pay if it goes off the rails. It is a decisive win for Paramount as long as it goes through.

mettiusfufettius

Are they buying out existing shareholders? Or are they transferring their shares of WBD into shares of Paramount?

motionbutton

That was true for whoever bought WBD... Most would say Netflix is the lesser of two evils. Really neither deal should be allowed to go through. You will have a shit tone of layoffs with the Paramount merger, just because of the massive overlap in studios. The viewers and employees are the one who lose the most.

barbpatch

The shareholders didn't want them to take on such debt. People think Netflix will be able to buy both Paramount and WBD later. People also thought Netflix would for sure no question about it win the bidding war so... It's mostly copium here. Netflix is an expensive stock. A high volume stock. People are heavily invested and want it to succeed. I invested in Psky heavily myself because I saw this coming and we will see if I'm happy with my decision in a few years. I'm happy with today for Psky but because of the current narrative it's not politically OK for me to say that. 🙄

CryptoBoy-007

Is your EX WBD IP that can be put on the block, and get Paramount / Netflix get excited?!

Mix_Easy

Netflix has the last laugh 😁😆😅 will buyback dirt cheap once Paramount sell its. Piece by piece Either way, Netflix still wins, pocket changes of $2.85 Billion PAYOUT. We going see David Ellison pay the $7 billion plus Ticking fee to WBD Shareholders what he promises to them. If deals dose not close or approved by all the regularly 50 States by end this year.

DavidCaller69

It’s crazy how none of these comments speak to the real reason behind this. Ellison is overvaluing WBD and paying Netflix because the end goal is media consolidation for the benefit of the current admin, at any cost. Everyone acting like this is some raw deal really doesn’t grasp what is going on.

DrHarrisonLawrence

Needs to be said on all of these threads that Saudi money has an active interest in funding PSKY to maintain control of WBD’s side of the media. PSKY isn’t going bankrupt in the next 5 years, it’s going to be heavily owned by foreign investors

Blitzdog416

WBD has 45min to pump, $31 let's go!

Blitzdog416

WBD, my cheap $29 calls for today are very disappointed. It's a $31 stock FFS!

tootapple

I guess the market doesn’t think the deal will happen. Current price for WBD is ~28.21. There is still some arbitrage upside there

arbitraryBlue

NFLX really made PSKY pay more for WBD and then walked away with a cool $2.8b lol

ohgodthehorror95

So let me get this straight. PSKY is about to take on an obscene amount of debt, overpay for WBD, and will very likely bankrupt themselves from being hilariously overleveraged... and yet they're up 20+% today?

DickiesDippinDicks

The WBD / Paramount buyout will be one of the fastest approved deals of that size in history For all the worst reasons

OrangMiskin

NFLX back to $100 imminent without all this WBD booshit

Octodab

Can someone smarter than me explain how WBD stock can go down on news of the acquisition? Is it just fears that the deal may not go through?

greenpride32

Look at the long term trajectory of WBD stock - it goes nowhere. Look at long term chart of NFLX. For every grant of $100k, you hold it long term and it turns to $500k, $1m, $2m. That's how people in big tech get "rich".

Garbage-Disposal-938

NFLX gapped up since dropping bid for WBD. LOL

Bright_Albatross649

PSKY buying WBD is such a fucking retard move, netflix will probably buy them both in like 2035 or sumn

PickleRickleTV

While this admin is probably the most corrupt in history, what do you think that article says? They said the deal was off after WBD said Netflix needed to up their bid. Their stock price has hated this deal since the start. It makes complete sense why they would back out. Like what?

McKoijion

We're living in the most corrupt timeline. > Netflix CEO Sarandos visited White House right before streamer said WBD deal is off https://www.msn.com/en-us/money/companies/netflix-ceo-sarandos-visited-white-house-right-before-streamer-said-wbd-deal-is-off/ar-AA1X9CNk https://www.independent.co.uk/news/world/americas/us-politics/larry-ellison-trump-2020-call-b2084757.html

SatansLoLHelper

So I should sell my silver and buy WBD. Regards.

bsizzle13

Yep the Reddit hivemind is stupidly taking a victory lap on this. WBD is not gonna be available unless there’s a massive, multi-year recession that cuts Larry Ellison’s worth dramatically. And even then it may never become available. For everyone else who’d rather not live under conservative consolidation of another major media property, this is just a terrible outcome.

zg44

Paramount-WBD combo is going to have >$100bn in debt on the books and 80% of earnings of the combo comes from declining cable TV assets. This has bankruptcy written all over it in 10 years or at the first signs of economic distress.

zg44

Paramount-WBD combo is going to have >$100bn in debt on the books and 80% of earnings of the combo comes from declining cable TV assets. This has bankruptcy written all over it in 10 years or at the first signs of economic distress.

AntoniaFauci

Obviously the PSKY WBD NFLX drama will dominate. But the QURE and RGNX thing is so compelling, with actual life and death consequences. Market is saying RGNX is in the clear and QURE is finished but I’m taking the contrarian play.

d07wEQr5OSbWujQSIzZI

Bought some WBD yesterday. Where can I buy lambo for $200?