Stock Movers Warner Bros. Discovery Rises, First Solar Soars, Navan Trades Higher
Dec 22, 2025
Warner Bros. Discovery sees its shares rise amid a fierce takeover rivalry, with Larry Ellison backing Paramount's bid against Netflix. In clean energy, First Solar jumps thanks to Alphabet's major acquisition of Intersect Power, promising benefits through 2029. Navan's shares soar after its inclusion in significant Russell indexes, despite a slump since its IPO. Discussions also highlight analyst optimism for Navan's future, coupled with predictions for a new wave of IPOs across different sectors.
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Ellison Boosts Paramount's Credibility
- Larry Ellison provided an irrevocable personal guarantee to back Paramount Skydance's $40.4B equity financing for a Warner Bros. takeover bid.
- This move strengthens Paramount's credibility against Netflix without increasing the bid price.
Paramount Matches Netflix With Bigger Fee
- Paramount raised its regulatory reverse termination fee to $5.8B to match Netflix's offer and signal stronger deal protections.
- Shareholder reactions will determine the next steps before the January 21 deadline.
Alphabet Deal Lifts First Solar
- Alphabet's acquisition of Intersect Power lifted First Solar because Intersect is a major customer that buys its panels.
- The deal highlights growing demand for clean energy tied to AI/data-center expansion.