Warner Bros. Rejects Paramount’s Hostile Bid
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What were the market vitals and major news highlights on December 18 2025?
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Forty two. That's how many gallons of soda the average American drinks every year. That is nearly nine cans every week. It is the highest in the world. However, the White House has warned not to let that distract you from the real reason Americans are fat. Seed oils. Money markets mess. If money is evil, then that building is hell. Show goes up! Show, sell! Welcome to Prof G Markets. I'm Ed Elson. It is December 18th. Let's check in on yesterday's market vitals. The major indices declined as tech weighed down the market. Oracle shares dropped more than 5% after private credit firm Blue Owl backed out of funding a major data center. That news took down all the other AI stocks too, with NVIDIA falling nearly 4%.
Meanwhile, Bitcoin took a tumble and finally silver hit a record high, passing $66 for the first time. Okay, what else is happening? Warner Brothers Discovery has urged shareholders to reject Paramount's $108 billion hostile bid. The board emphasized that the $83 billion Netflix deal offers more certainty and also a cleaner path to closing for shareholders. They also pointed to significant financing, regulatory, and execution risks with Paramount, and they formally laid out their reasoning in a detailed filing to shareholders on Wednesday morning. Okay, here to break down this bid and why they said no to Paramount. We are speaking with Rohan Goswamy, business reporter at Semaphor. Rohan, thank you for joining us on Prophe Markets.
Ed, my pleasure. It's been a crazy two weeks. Crazy
two weeks. Yeah, we wanna we wanna get your thoughts on it. I mean, we we have this rejection or Warner Brothers is urging shareholders to reject Paramount's bid of a hundred and eight billion dollars. They say go with the Netflix deal, which is actually less money, eighty three billion dollars. I guess the big question to start off is
why? Well, it depends on how you slice it, right? So yeah, Netflix's total number, 83 billion, it's it's lower, but that's because they're only interested in part of the company, the the best part of the company, most would say, uh, which is the streaming and studios business. That's HBO Max, that's the movie studios. They don't want the linear TV networks, that's CNN and really a grab bag of pretty terrible cable channels. Uh but Paramount does, and that's why Paramount's been able to claim that they have the higher bid. Where things get a little fuzzy, and this is what, as we've reported, as others have reported, has worried Warner Brothers the entire time, is how they're valuing that business and how they're paying for that business.
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Chapters
5 chapters
1
What were the market vitals and major news highlights on December 18 2025?
0:01–11:55
2
Why is Warner Bros. Discovery urging shareholders to reject Paramount’s $108 B hostile bid?
11:55–15:58
3
How does the Netflix‑only $83 B deal compare to Paramount’s offer?
15:58–20:32
4
What impact did Jared Kushner’s withdrawal have on Paramount’s financing?
20:32–28:15
5
What are the top economic and geopolitical issues facing China in 2025?
28:15–35:15
Speakers
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