Bloomberg Daybreak: Europe Edition Paramount's Hostile WBD Bid , Europe's Russian Assets Plan , Porsche Family Risks VW Recovery
Dec 9, 2025
Manuel Baigori, Bloomberg's Asia deals reporter, delves into the fierce bidding war for Warner Bros. Discovery, exploring transaction dynamics and the roles of key stakeholders. Monica Raymond, a German autos reporter, reveals how the Porsche and Piëch families are pressuring Volkswagen for dividends, potentially jeopardizing the company’s recovery. The conversation also touches on Europe nearing a deal for frozen Russian assets and the implications for investment in EVs amid global market challenges.
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Two Competing Mega Bids For Warner Bros.
- Paramount launched a $30-a-share hostile cash bid for Warner Bros. Discovery, topping Netflix's roughly $28-per-share cash-and-stock offer.
- The bids present contrasting outcomes for shareholders and different regulatory risk profiles.
Frozen Russian Assets Could Finance Ukraine
- European leaders are moving toward a deal to use frozen Russian assets to finance a €90 billion loan for Ukraine.
- Talks in London set up a leaders' meeting in Brussels on Dec. 18 to push the plan forward.
U.S. Allows H200 Chip Sales To China
- President Trump approved Nvidia shipping H200 AI chips to China with a 25% surcharge and restrictions to approved customers.
- The move could restore substantial sales but drew bipartisan national-security criticism.