Bloomberg Intelligence Warner Bros. Urges Investors to Reject Paramount Bid
Dec 17, 2025
Geetha Ranganathan, a Bloomberg Intelligence analyst on U.S. media, dives into Warner Bros.' defensive stance against Paramount's takeover bid, emphasizing valuation issues and contractual ties with Netflix. George Ferguson, an aerospace specialist, discusses the potential Spirit-Frontier merger, citing regulatory clarity and job preservation. Drew Reading reveals Lennar's struggles with disappointing earnings amid housing market pressures, while Jonathan Palmer highlights Medline's impressive IPO, positioning within healthcare, and growth strategy.
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Raise The Bid To Rekindle Negotiations
- Paramount should raise its price materially to force Netflix and the Warner board back to the table.
- Geetha suggests a knockout bid near $35 to change the dynamics.
Versant Pricing Suggests Higher Network Value
- Versant's when-issued trading implies a higher valuation multiple for cable networks than Paramount counted.
- Geetha flags that Warner's global networks likely deserve more than the 4.5x multiple Paramount used.
Consolidation Awaits Regulatory Clues
- Industry consolidation is likely but many buyers will wait to see regulatory outcomes from this mega-deal.
- Comcast/NBC and other players may pursue acquisitions if scale pressures from Netflix or Paramount grow.