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Kim Kahn

๐Ÿ‘ค Speaker
562 total appearances

Appearances Over Time

Podcast Appearances

Wall Street Breakfast
Warner Bros. asks for sweetener bids

Today is Tuesday, November 25th, and I'm your host, Kim Kahn.

Wall Street Breakfast
Warner Bros. asks for sweetener bids

Our top story so far.

Wall Street Breakfast
Warner Bros. asks for sweetener bids

Warner Bros.

Wall Street Breakfast
Warner Bros. asks for sweetener bids

Discovery is asking suitors to sweeten their bids after the first round of offers landed.

Wall Street Breakfast
Warner Bros. asks for sweetener bids

According to Bloomberg, the company wants improved submissions by December 1st, after which they could choose to enter exclusive talks with a single bidder.

Wall Street Breakfast
Warner Bros. asks for sweetener bids

Paramount Skydance, Netflix, and Comcast all put in bids last week, with Comcast and Netflix eyeing the film and TV studios, plus HBO.

Wall Street Breakfast
Warner Bros. asks for sweetener bids

Paramount Skydance wants the whole operation.

Wall Street Breakfast
Warner Bros. asks for sweetener bids

Warner kicked off a strategic review last month after receiving multiple unsolicited approaches for either the full company or just the studio and streaming assets.

Wall Street Breakfast
Warner Bros. asks for sweetener bids

CNBC previously reported that management hopes to make a go-no-go call on a sale or split by Christmas.

Wall Street Breakfast
Warner Bros. asks for sweetener bids

In today's trading, Wall Street kept the rally going, with the Dow jumping more than 650 points, up 1.43%.

Wall Street Breakfast
Warner Bros. asks for sweetener bids

The S&P climbed 0.9%, and the Nasdaq added 0.67%.

Wall Street Breakfast
Warner Bros. asks for sweetener bids

Eight of the 11 S&P sectors closed higher, led by healthcare.

Wall Street Breakfast
Warner Bros. asks for sweetener bids

Energy was the lone standout on the downside.

Wall Street Breakfast
Warner Bros. asks for sweetener bids

Among those active stocks, Bank of America reiterated its buy ratings on Nvidia, AMD, and Broadcom, amid reports that Meta may augment Nvidia's GPUs with Google's TPUs.

Wall Street Breakfast
Warner Bros. asks for sweetener bids

Alibaba posted a strong revenue beat for Q3, with double-digit growth across its major operating units, especially cloud intelligence.

Wall Street Breakfast
Warner Bros. asks for sweetener bids

And HP tumbled after hours on a weak forecast and plans to cut up to 6,000 jobs.

Wall Street Breakfast
Warner Bros. asks for sweetener bids

In other days of noon, ahead of Thanksgiving, here are the turkeys gobbling up Wall Street's patience, the worst-performing S&P 500 stocks this year.

Wall Street Breakfast
Warner Bros. asks for sweetener bids

Fiserv is down 70.1%, The Trade Desk is down 66.8%, Decker's Outdoor is down 57.8%, Lululemon is down 53.9% year-to-date, and Gartner is down 51.5%.

Wall Street Breakfast
Warner Bros. asks for sweetener bids

You can see all the stocks that are really struggling in our story on Seeking Alpha.

Wall Street Breakfast
Warner Bros. asks for sweetener bids

I'll put that link at the top of show notes.