Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Let's take a look at some of the stocks on
Speaker 2: the move today. I'm Paul swinging alongside David Gerr and
Speaker 2: we're joined by Bloomberg's Lisa Matteo. Lisa, what are you
Speaker 2: looking at that? Mark?
Speaker 3: I'm starting in your wheelhouse, Paul. Okay, we're going to
Speaker 3: Warner Brothers taker WBD. Their shares have been up as
Speaker 3: much as four percent. So the reason why Paramounts guidance
Speaker 3: is David Ellison. He could be taking his offer to
Speaker 3: buy Warner Brothers directly to shareholders. So this is like
Speaker 3: the next step because sources are saying that they rejected
Speaker 3: Paramounts initial offer for being too low is about twenty
Speaker 3: dollars a share. So now Paramount has a few options. Right, One,
Speaker 3: they could boost their bid. Two, they could add an
Speaker 3: additional backing through a financial partner. In three, they could
Speaker 3: go directly to shareholders. And that's what a lot of
Speaker 3: sources are saying that they're probably gonna do. But the
Speaker 3: question I have is I mean, is it one of
Speaker 3: brothers still plenty to split into two businesses. So I
Speaker 3: guess Ellison wants can jump on this before and then
Speaker 3: a lot of.
Speaker 2: Moving parts here. How about just the math here, Yeah,
Speaker 2: Paramounts Guidance has got a total enterprise value of about
Speaker 2: thirty two billion dollars. Warner Brothers Discovery's got mark enterprise
Speaker 2: value almost eighty billion dollars. It's more than twice as big.
Speaker 2: So you got to go out there if you're Paramount
Speaker 2: and you got to get some I know mister Ellison's
Speaker 2: got a lot of money, but he isn't that kind
Speaker 2: of money.
Speaker 4: Saw the Journal Journal reporting this morning, Apollo standing ready
Speaker 4: to finance this deal.
Speaker 2: Is and Poney up there, so it could happen.
Speaker 3: But but they have to take on the debt loads.
Speaker 2: Yes too, exactly right.
Speaker 4: I don't thirty five billion.
Speaker 3: Yeah, yep, that's a tough one. But I guess, yeah,
Speaker 3: that Ellison family does have money.
Speaker 4: They do exactly they did aspirations and money yeah things
Speaker 4: ten other.
Speaker 3: People who have money, access to the people have money. Okay,
Speaker 3: A few of these these are like quick mentions. There's
Speaker 3: not really a lot of meat to these stories. And
Speaker 3: this next company really no meat. It's beyond meat. It's
Speaker 3: ticker b y n D. Their share is really taking
Speaker 3: a hit down as much as sixty six percent. It
Speaker 3: announced an update for debt exchange offer, So basically it
Speaker 3: said nearly all of its creditor creditors had accepted this
Speaker 3: depth swat that would lead to substantial delution of shareholders
Speaker 3: a debt swap. So based on the latest results, the
Speaker 3: companies that it's expected to issue three hundred and sixteen
Speaker 3: million new shares. But I mean, the meat alternative craze,
Speaker 3: it's just been weakening and the company hasn't been doing well.
Speaker 2: Yeah that was short, wasn't it.
Speaker 4: I feel like it was Demi gray. Yeah, not in
Speaker 4: my household.
Speaker 2: Yeah, we never. I don't know. I'm just looking at
Speaker 2: the balance sheet here. They have at one point three
Speaker 2: billion dollars of debt on the balance sheet and no ebitdah.
Speaker 2: So there's no cash the payback that the service that debt.
Speaker 2: That's that's the problem.
Speaker 4: Bleak outlook young.
Speaker 1: Yeah.
Speaker 3: I know a lot of people are saying because it's
Speaker 3: it's still process and that whole talk about you know,
Speaker 3: don't eat processed foods and all this, and that's kind
Speaker 3: of like a something behind it. But yeah, most people
Speaker 3: not going for that craze anymore. So I want to
Speaker 3: go to beauty company s day Lauder. It's Sticker e
Speaker 3: l Their shares have been up nearly five percent. This
Speaker 3: is kind of an upgrade down grade story. This one
Speaker 3: an upgrade from Goldman Sachs to buy from neutral. And
Speaker 3: then finally we also have stub Hub at Sticker Stub
Speaker 3: their shares up as much as four percent. They received
Speaker 3: several bullish initial initiations after that I PO after its IPO. Yeah,
Speaker 3: so analysts expected to for the Leverage's position. They're saying
Speaker 3: as it enters that primary ticketing market. So yeah, shares
Speaker 3: are higher and analysts are saying the company is going
Speaker 3: to do a lot better. And then while we're here,
Speaker 3: might as well Chip get back in with Disney because
Speaker 3: their shares have been up too percent. And the big
Speaker 3: news here is Taylor Swift. Yeah, she says she's gonna
Speaker 3: have that new content Disney Plus in December six episodes
Speaker 3: behind the scenes docuseries are Your Girls Into the Whole.
Speaker 4: There is widespread interest in this new album. We did
Speaker 4: have to listen to on a car trip a few
Speaker 4: few days ago. But yeah, I mean like I feel
Speaker 4: like she can't do anything wrong, even if even if
Speaker 4: I don't think the album is great, what is it.
Speaker 4: I don't know how many tens of millions of dollars
Speaker 4: she sold so far?
Speaker 3: Ye an the weekend movie? Did you go to the
Speaker 3: weekend movie?
Speaker 4: We did not?
Speaker 1: We did not.
Speaker 4: I was able to resist that, I'm happy to say.
Speaker 4: But her power is awesome.
Speaker 2: Do we have a wedding date?
Speaker 3: No, no wedding date. No wedding date set for her.
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