Ben Dummett

The offers of the bids are very close to where Warner Brothers stock price is trading.

So that's a sign that investors are betting there's going to be another bid, a higher bid from either Netflix and or Paramount.

If they didn't think a deal was going to happen, the share price of Warner would trade at a huge discount to the offer prices.

Ellison is just trying to push his case that their bid is superior because it's an all-cash offer, which is easier to understand than Netflix's cash and stock offer.

And there's a view that the Paramount offer won't receive the regulatory and antitrust scrutiny that a Netflix offer would face.

because Netflix is the dominant streaming service in the market today.

And then there's the relationship that Paramount has with Trump.

The Ellisons are close to Trump, and the Ellisons' backers include Jared Kushner, the son-in-law of Trump.

Now, Trump, for his part, he's sort of sent out mixed signals as to how he views this deal.

If you're a follower of prediction markets like Polymarket, for example, that allows users to bet on the outcome of future events.

Deals, you know, the Nobel Prize winner, sports, that platform is saying that it's too close to call.

They're running neck and neck.

Thanks for having me.