Caroline Hyde
π€ SpeakerAppearances Over Time
Podcast Appearances
And this comes after a Truth Social post.
And, of course, that contributes to the net worth of the Dell family on the back of that.
Bloomberg's Tom Maloney.
It's been fascinating talking to you.
Thank you very much indeed.
Let's turn now to Warner Brothers Discovery.
The company has received a new round of bids, with one from Netflix consisting of a mostly cash offer, according to sources.
For more, Bloomberg's Michelle Davis, who covers M&A in media, joins us now.
So can we break down how these are starting to look?
Because they're meant to be sweetened.
They've been sweetened, yes.
So the bidding is heating up.
Yesterday, Warner Brothers had asked for sweetened offers from all of the companies, so we know they received offers from Netflix, mostly cash.
That was a big surprise because people were expecting it to be stock.
You know, Netflix's stock has been doing pretty well.
They have great currency, but they're also an investment-grade company, so they can't afford to raise a lot of money.
We hear they're in the market talking to banks about tens of billions of dollars for a bridge loan.
So there's Netflix, there's Comcast, which has also bid.
It only wants the streaming and the studios of Warner Brothers, similar to Netflix.
We're still trying to glean the details of that offer, but we have heard that it likely includes a little more stock than the cash offered by Netflix.