Bids for Warner Bros. Discovery could go higher, and the company's cable networks may be worth more if sold separately from the studio assets, says Jon Klein, co-founder of Hang Media and former president of CNN.
A flurry of multi-billion-dollar deals has bankers and advisers from Wall Street to Canary Wharf packing laptops next to presents and warning family and friends their holiday vacations over the next two weeks will be cut short.
Some of the most influential people from President Trump's orbit, past and present, are facing off on either side of the struggle for control of Warner Bros. Discovery.
Warner Bros. Discovery CEO David Zaslav told executives in October that Amazon and Apple had expressed interest in acquiring the company, Bloomberg reported, citing two people familiar with the discussions, though neither firm would match the “American media company” label.
This morning, we take a pause from big economic prints and/or market-moving earnings reports. We're sandwiched between yesterday's big Employment Situation report and tomorrow's Consumer Price Index (CPI) and Inflation Rate, both of which were delayed due to the government shutdown.
Between WBD's letter to shareholders, interviews for a new Fed Chair and off-season earnings this morning and afternoon, we've got plenty of grist for the trading mill today.
Warner Bros is reportedly set to reject a hostile $108bn (£81bn) takeover bid from Paramount, with one of the prospective buyer's financing partners confirming it's pulled out of the offer.
Bidding war talk heated up Tuesday now that WBD is on the verge of formally calling on investors to reject Paramount Skydance's hostile bid for the entire company.
Jared Kushner's Affinity Partners is exiting from the takeover battle for Warner Bros. Discovery.
Trump can still do right by the economy, shareholders and even Hollywood.
Jared Kushner's investment firm Affinity Partners has withdrawn from the takeover battle for Warner Bros Discovery , Bloomberg News reported on Tuesday, citing a representative for the firm.
Warner Bros. Discovery (WBD) has been one of the stocks most watched by Zacks.com users lately.