Paramount‑Warner Merger Unites Film, News, and Social Media
Paramount, Warner Bros deal would unite film, news and social media forces in the age of Trump My analysis for NPR: https://t.co/zsdkP7wB8K
CNN Staff Fear Sale to Paramount Amid Shaky Stewardship
Anderson, cooped. Jake, tapped. Erin, burnt. Kasie, hunted. Wolf, blitzed. Fears are running high among CNN staff after parent company Warner cleared the way for a sale to Paramount, which has been a shaky custodian of its own journalism assets https://t.co/c3LvI7HQXl
CNN Staff Fear Warner‑Paramount Merger Will Damage Journalism
CNN Staffers Fear Warner Bros.-Paramount Deal Will Hurt Their Journalism and Network’s Financial Health https://t.co/c3LvI7Hj7N via @variety
Acquired Nextivity’s HPUE Line to Boost AirG Portfolio
"I'm excited to announce that we recently acquired the HPUE or High Power User Equipment product line from Nextivity." https://t.co/qJSVIM8AGg $AIRG
Deal Secures Beloved IP, Expands Monetization, Locks AI Control
The Paramount-Warner Bros. Discovery Bros. deal can be best understood through four objectives. 1. Buying IP that audiences already love — because nobody builds DC or Harry Potter from scratch. 2. Protecting valuable IP—after this deal closes, Netflix will lose "fat tail"...
Massive Media Mergers Keep Missing Value Creation
AT&T paid $85.4B for Warner Bros. and failed to create value. Disney paid $71.3B for Fox and has struggled to consistently wring value out of it. Discovery paid $43B for Warner Bros. and failed to create value. Paramount will pay $111B...
Paramount Gains, Ellisons Burdened by Massive Debt
Who really won in Paramount’s acquisition of Warner Discovery? Plus new details on the mountain of debt awaiting the Ellisons. My debate with Bill Cohan @PuckNews ⬇️⬇️ https://t.co/xl4sfxLQQD
California May Counter Warner‑Paramount Merger with Robust State Law
California legislators could hit back at the Warner-Paramount deal by passing a strong state level merger law.
Major M&A Moves: NATL, KORE, RNA/NVS Deals Announced
Today's M&A notes $NATL to be acquired by $BCO for $30.00 cash + 0.1574x shares, 22.6% premium, $6.6 billion $KORE to be acquired by Searchlight Capital / Abry Partners for $9.25 cash per share, 132.4% premium, $726 million $RNA / $NVS deal closed https://t.co/J7D2HirSUh
Ellisons Pull Off Record LBO of Warner, CNN
The Ellisons nab Warner and CNN in the biggest leveraged buy-out in history. Who's going to run it? https://t.co/KOQeZ3NQTy
Deal Masks Circular Financing, Smells Like Ponzi
It’s not actual cash raised, this deal adds to the thicket of circular financing from the biggest companies in the worlds. A whiff of Ponzi.
Trump's Spin‑off Could Turn Company Into Bitcoin, Nuclear Gamble
Trump is considering spinning off Truth Social, so now his company theoretically would be a Bitcoin stockpile (likely underwater) and the nuclear fission bet.
PE Shifts From Legend Deals to Low‑Margin Rollup Frenzy
PE in 2009: We tried to be legends but got jammed (Caesars, NXP, IntraWest) PE in 2026: Wheels are coming off our janitorial, car wash, dental clinic and gritty Glengarry glenross-esque insurance brokerage rollups. One fund spotlights PEs problems https://t.co/O0PB4vXT6T
Washington Hasn't Demanded Station Sales for Nexstar‑TEGNA Merger
D.C. Memo: Nexstar CEO Sook – Washington Has Not Said Company Needs to Sell Stations to Close TEGNA Deal | $NXST @NXSTMediaGroup $TGNA @TEGNA https://t.co/md3Cz4tI5F
Warner Bros. Gains 78% Stock Surge After Hollywood Merger Battle
Hollywood's mega-merger battle ends with Warner Bros. as the real winner with a 78% stock bump since September - https://t.co/Ue55w8GTQk
Special Committee Rejects Buyout, Stock Stays Flat
Special committee decision is in on $INMD. All bids were deemed inadequate, so the buyout thesis is off the table, at least for now. The stock has basically never moved from pre-announcement levels. The market was highly efficient on this one.
Glencore Expands Cusco Copper Hub with Quechua Acquisition
Glencore buys Quechua in Peru to strengthen its Cusco copper hub around Antapaccay and Coroccohuayco. https://www.metalnomist.com/2026/02/glencore-acquires-quechua-copper.html
Analysts Often Overlook State Merger Review Powers
Even people who write about mergers for a living, have a way of forgetting about the states and their merger review powers https://t.co/txf7WOgAjH
Sarandos Missed Industry‑changing Deal, Netflix Still Ahead
I’d say yes overall, but arguments can be made to the opposite as well. In #TedSarandos case for instance, truth is that #Netflix didn’t need WB, it’s already miles ahead of everyone else even without WB. And he walks away with...
Paramount‑Warner Deal Overlooks Federal Antitrust Scrutiny
Feel like the some of the reporting on Paramount-Warner Bros has kinda forgotten this little thing called federal and state antitrust review
Param
As Paramount Skydance Grabs Warner Bros. and Netflix Bows Out, the Mood Inside All Three: Champagne Toasts vs. ‘Gut Punch’ https://t.co/7WOc11cdK3
Schiff Demands Independent Review of Paramount Merger
Sen. Adam Schiff: “What was true for Netflix is still true now for Paramount. The merger of two of Hollywood's biggest studios must be subject to the highest levels of scrutiny, free from White House political influence, to determine...
Netflix Skips Pricey Bid, Shares Jump 8%
Bottom line: Netflix walked away from an expensive bidding war that wasn't prudent and in doing so, it conveniently leaves one competitor saddled with debt and two competitors burdened by a very long, distracting regulatory approval process — Investors agree. $NFLX...
Get Answers on Paramount‑WBD Deal Impact
Tomorrow’s IN THE ROOM will have answers to all your questions about what the Paramount-WBD tie up means for CNN, CBS, Bari Weiss, etc… Sign up here: https://t.co/aUkyssMv7F
Democrats Could Block Paramount Merger, Says California AG
Uh, Democrats can stop the Paramount merger. State attorneys general have jurisdiction. California AG Rob Bonta said he’s watching it closely.
My December Take on the Netflix‑Warner Bros. Deal
Here’s what I wrote back in December, the day after the Netflix deal with WBD was announced: https://t.co/aiNBd98ACC
Netflix's M&A Bloodbath Exposes Shareholder, Talent, Political Crises
Hostile M&A is always bloodsport, but I can't remember an acquirer coming out of a process this bloody. Netflix has a shareholder problem (which doesn't understand why it wanted to buy a legacy studio), a Hollywood talent problem (which doesn't...
Paramount's Full-Asset Bid Keeps WBD Movies and Cable United
So Netflix ending its WBD bid means WBD's movie business and cable channels should stay together. Paramount has sought the whole package even as WBD planned to spin off its cable assets. Lots of sports media angles now with...
Ellisons Aim to Merge Paramount, Warner as Netflix Backs Out
Confirmed: Netflix pulls offer for Warner Bros Discovery's streaming & studio assets The Ellisons look to roll up Paramount and Warner into a Hollywood behemoth Justice Department antitrust regulators have yet to weigh in... but Trump has warming ties to Ellisons
Netflix Slides 30% After Failed WBD Merger, Confidence Restored
Netflix’s stock is down ~30% since the WBD merger drama began. While losing WBD removes the last clear major growth lever, it likely reestablishes some investor confidence. Longer-term, we’ll see if they miss the lost IP. But recent major media...
Triple Win: Netflix, WBD, and Paramount All Profit
As I wrote months ago, there was only one “win win win” here … 1) Netflix gets the break fee 2) WBD gets even more money from Para 3) Para gets the bone it wants
Netflix Rejects Paramount Offer, Cites Brand Stewardship
Netflix declines to match Paramount offer for WBD: We believe we would have been strong stewards of Warner Bros.’ iconic brands, and that our deal would have strengthened the entertainment industry and preserved and created more production jobs in the U.S.
Warner Bros. Picks Paramount; Netflix Must Outbid With Cash
Warner Brothers Discover,,,board checked the boxes and declared paramount the high bidder …what will Netflix have to do.. need all cash And bid more ..or in the words of a great ceo say “they won.we https://t.co/BTEFBOV9AI! ‘’
Paramount Ups Bid, Netflix Faces Critical Decision
Axios Pro Rata on Feb. 11: "It feels like the next act already has been written. The 'Davids' get over themselves, Paramount raises its bid and then Netflix has a decision to make."
Warner Says Paramount Offer Outpaces Netflix, Challenges Sarandos
WBD says Paramount bid > Netflix. Mr Sarandos, the ball is now in your court.
Warner Backs Paramount's Superior Offer, NLFX Should Exit
*WARNER BROS. SAYS PARAMOUNT OFFER IS 'SUPERIOR PROPOSAL' Seems like a good opportunity for $NLFX to graciously bow out of the $WBD bidding war and take the break fee paid for by $PSKY
Warner Bros Declares Paramount Deal Superior, Challenges Netflix
Warner Bros says the Paramount deal is now superior. The ball is in Netflix’s court.
FTC Delays Alcon Deal, Closing Slips to H1’26
FTC compliance with the second request is ongoing in Alcon’s $LNSR takeout. Closing pushed again: now H1’26 from Q1’26 (already delayed from YE’25). With an ~18% spread to the cash offer, it’s getting harder to believe this deal closes.
Antitrust Panel Seeks Second Look at Netflix‑WBD, May Add Paramount
Antitrust subcommittee wants a second chance to beat up on Netflix - WBD deal and has hearing scheduled for March 4. Will they add Paramount to mix if at that point they are in driver's seat?
Blue Owl’s Rise Marred by Internal Fractiousness
Blue Owl climbed quickly on Wall Street. One of its arms floated an idea to create a Mt Rushmore of private equity. But those pitched saw the firm’s own fractiousness as the plan’s big flaw. @EricGPlatt & I look at the...
Warner Merger Spawns Chaotic Org Chart, Survival Unclear
Who survives the Warner merger mania? Org Chart From Hell: ‘Too Many Tentacles for One Octopus’ Latest @Lesleygoldberg https://t.co/No87HnVyFd
Warner Board Claims Value Delivery Amid Sale Process
The WBD board is "delivering significant value to WBD shareholders throughout the [sales] process" -- Warner CEO David Zaslav
Activist Demands Full Sale, Board Faces Ouster
Strategic review under activist pressure w/ ~70% upside - Prominent activist pushing for full sale + plans to replace majority of board - AGM a few months away - Stock at all-time lows (~4x EBITDA) - One seg. sale announced; board now pressured to...
Stripe Targets PayPal in $159B Mega‑Deal
Stripe may be gearing up for a mega-deal by eyeing PayPal at a $159B tender valuation. If it happens, it would reshape the payments landscape and reignite competition in digital finance. Big bets like this show how fast fintech’s strategic plays are...
Robertson‑Patman Act Still Alive, Impact
The Robertson Patman Act,, sometimes rumored to be dead, alive and kicking Costco (or sellers to Costco) in California
Investors Question Netflix's Push for WBD Amid Skepticism
Netflix CEO Ted Sarandos will say he looks long term, but if Netflix ups its bid for WBD, investors who clearly are skeptical about the deal — even as is — may get even more concerned: why does Netflix want...
Paramount and Netflix Execs Hit White House Amid Deal War
Paramount's David Ellison was at POTUS State of the Union address. Netflix's Ted Sarandos headed to the White House as politics takes center stage as Paramount submits new offer for Warner Bros. Discovery. @latimes https://t.co/KSrhSdUCjY
VRE Buyout Offers 5% Cap Rate, Minimal Downside
Good outline of the $VRE buyout. There’s probably a small chance of an overbid here. But, to be honest, probably close to zero, at a 5% implied cap rate. But we’ll see. Downside is only ~10% and the buyer isn’t walking, so...
Domo's 0.8x ARR Price Masks Zero Growth, Broken Economics
Domo trades at 0.8x ARR and just announced they are formally looking to sell. While they have a "cheap" multiple, revenue growth is 0% and they are barely FCF breakeven. I.e. the unit economics are broken. But might make sense to the...
Sharing Your Deal Story Inspires New Acquirers
Important message for folks acquiring $2-15M EBITDA businesses, especially those who are willing to share their story and lessons down to the detail. Thanks to you, others are willing to take the leap. Just received a DM from a listener of the...