Warner Brothers Discovery M&A Speculation Fuels Upside

about 1 month ago

Nathan Hager

"That being said, I think we should talk about the fun stuff, which is M&A Friday if we can. I guess feels like it, doesn't it? Very exciting. I feel like now every stock hit is really just a what deals are happening uh kind of hit. Um the biggest mover to the upside will give give a little bit of a boost here comes from Warner Brothers Discovery in the S&P 500. WBD is your ticker. Shares trading just under $23 a share higher by almost 3% this morning. This is all in the M&A space. There is now reports from the Wall Street Journal as of after the bell last night that Paramount, Comcast, and Netflix are bidding for Warner Brothers. There's also some news out there that the CEO has his contract amended, David Sazlov, to protect the pay that he has in the case of a sale. The deadline is about November 20th. So, we're about 6 days away. So, seeing some like real believability that Warner Brothers Discovery will have a new owner come the new year. At least that's the expectation."

The discussion about Warner Brothers Discovery (WBD) centers on an M&A narrative that is pushing the stock higher. With WBD trading near $23 and up by almost 3%, the speaker highlights active bidding by major players and contract adjustments for the CEO, suggesting that a change in ownership is likely before the new year. This M&A excitement indicates bullish sentiment amid near-term catalysts.

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