1 00:00:00,080 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,480 Speaker 2: This Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,920 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,680 --> 00:00:18,760 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,800 --> 00:00:21,720 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis. At the 6 00:00:21,760 --> 00:00:25,000 Speaker 1: start of a holiday shortened trading week, but lots going 7 00:00:25,040 --> 00:00:29,000 Speaker 1: on in the individual stock space, including new developments in 8 00:00:29,080 --> 00:00:30,360 Speaker 1: the Warner Brothers bidding. 9 00:00:30,400 --> 00:00:30,680 Speaker 3: Ward. 10 00:00:30,760 --> 00:00:34,400 Speaker 1: Dan, We've got a Netflix REFI good morning. 11 00:00:34,560 --> 00:00:37,520 Speaker 3: Good morning. It's the deal that keeps on giving. As 12 00:00:37,520 --> 00:00:40,280 Speaker 3: you mentioned on this holiday shortened the week, so lots 13 00:00:40,320 --> 00:00:43,239 Speaker 3: of news out as a Netflix and Paramount both kind 14 00:00:43,280 --> 00:00:46,240 Speaker 3: of battle each other to get a hold of Warner Brothers. 15 00:00:46,479 --> 00:00:49,480 Speaker 3: This morning, we've had news that Netflix has refinanced part 16 00:00:49,479 --> 00:00:52,040 Speaker 3: of a fifty nine billion dollar bridge loan in an 17 00:00:52,040 --> 00:00:55,760 Speaker 3: effort to acquire Warner Brothers. It secured five billion dollars 18 00:00:55,760 --> 00:00:58,840 Speaker 3: in revolving credit and two ten billion dollars delayed draw 19 00:00:58,960 --> 00:01:02,160 Speaker 3: term loans. That leaves about thirty four billion dollars left 20 00:01:02,200 --> 00:01:06,440 Speaker 3: for syndication. Now this comes as Paramount has launched a 21 00:01:06,440 --> 00:01:11,920 Speaker 3: hostile takeover to take a hostile takeover offer to Netflix earlier, 22 00:01:12,560 --> 00:01:19,120 Speaker 3: and paramount has paramount is that offer Netflix? Sorry that 23 00:01:19,200 --> 00:01:23,000 Speaker 3: offer Warner Brothers recommended its shareholders reject. So it's really 24 00:01:23,040 --> 00:01:26,440 Speaker 3: a battle between this hostile takeover and Netflix, and Netflix, 25 00:01:26,520 --> 00:01:32,000 Speaker 3: even with this additional level of financing secured, still has 26 00:01:32,000 --> 00:01:35,920 Speaker 3: to get through regulatory hurdles to get gain approval. Looking 27 00:01:35,920 --> 00:01:39,160 Speaker 3: at prediction markets, they're saying that it's sixty four percent 28 00:01:39,240 --> 00:01:42,240 Speaker 3: chance that Netflix closes the deal. So right now netflixing 29 00:01:42,560 --> 00:01:45,640 Speaker 3: in the lead, and this additional financing will surely help 30 00:01:45,880 --> 00:01:46,520 Speaker 3: push it through. 31 00:01:46,920 --> 00:01:50,960 Speaker 1: Okay, So while that saga continues, maybe into the new year, Dan, 32 00:01:51,080 --> 00:01:56,160 Speaker 1: we have a firmer merger Monday news for a software. 33 00:01:55,640 --> 00:01:59,880 Speaker 3: Maker, that's right, the software maker Clearwear Analytics Tick or CW, 34 00:02:00,320 --> 00:02:03,080 Speaker 3: and that's up eight percent in pre market right now. 35 00:02:03,320 --> 00:02:07,320 Speaker 3: A private equity group led by Permira and Warburg Pinkus 36 00:02:07,320 --> 00:02:10,080 Speaker 3: has agreed to buy the financial service software company and 37 00:02:10,080 --> 00:02:13,320 Speaker 3: it deal worth over eight billion dollars. The shareholders get 38 00:02:13,360 --> 00:02:15,680 Speaker 3: twenty four dollars and fifty five cents a share, and 39 00:02:15,720 --> 00:02:17,760 Speaker 3: that's just a little bit north of the twenty four 40 00:02:17,800 --> 00:02:21,079 Speaker 3: dollars it's trading at in pre market. And these these 41 00:02:21,200 --> 00:02:24,239 Speaker 3: private equity firms do have a history with Clearwater Analytics. 42 00:02:24,400 --> 00:02:27,320 Speaker 3: Both Permira and Warburg helped take the company public four 43 00:02:27,400 --> 00:02:30,080 Speaker 3: years ago at eighteen dollars a share, So four years 44 00:02:30,120 --> 00:02:32,560 Speaker 3: later it's buying it back about six bucks a share. 45 00:02:32,639 --> 00:02:37,560 Speaker 1: Hire The biggest gainer this morning, at least one of 46 00:02:37,600 --> 00:02:40,839 Speaker 1: them Data Vault AI. What's going on with Data Vault 47 00:02:40,880 --> 00:02:41,720 Speaker 1: AI this morning? 48 00:02:42,240 --> 00:02:45,240 Speaker 3: Yeah, that stock is absolutely surging in high volumes too. 49 00:02:45,280 --> 00:02:47,919 Speaker 3: It's up thirty three percent in the pre market. It's 50 00:02:48,160 --> 00:02:50,840 Speaker 3: a five hundred million dollar company, so I had to 51 00:02:50,840 --> 00:02:53,200 Speaker 3: do a little bit digging into this. It's a database 52 00:02:53,280 --> 00:02:57,160 Speaker 3: company that leverages blockchain technology going through the issue and 53 00:02:57,200 --> 00:02:58,959 Speaker 3: so it hits on a lot of the keywords that 54 00:02:59,000 --> 00:03:01,239 Speaker 3: people like hearing right now. You have AI in the name, 55 00:03:01,639 --> 00:03:05,400 Speaker 3: you have the blockchain technology that it tries to leverage, 56 00:03:05,639 --> 00:03:08,600 Speaker 3: and then it also goes into quantum, some quantum encryption. 57 00:03:08,680 --> 00:03:11,160 Speaker 3: So it's a lot a very high tech company. It 58 00:03:11,200 --> 00:03:14,680 Speaker 3: has two patents that have been approved. One is to 59 00:03:14,760 --> 00:03:18,440 Speaker 3: use blockchain to identify content usage, verify licensing and distributing, 60 00:03:18,560 --> 00:03:22,119 Speaker 3: and then distribute fees. The other uses blockchain to register, track, 61 00:03:22,200 --> 00:03:25,799 Speaker 3: license and monetize creative works. Overall, ideas this the patent 62 00:03:25,840 --> 00:03:28,400 Speaker 3: helps allow for both data and creative content to be 63 00:03:28,480 --> 00:03:31,880 Speaker 3: quote unquote tokenized, which is very big in the blockchain community, 64 00:03:32,000 --> 00:03:34,560 Speaker 3: and then monetize, which is one of the company's goals. 65 00:03:34,920 --> 00:03:38,080 Speaker 1: And just quickly found this very interesting. Uber and Lyft 66 00:03:38,120 --> 00:03:40,320 Speaker 1: teaming up on robotaxi in the UK. 67 00:03:41,080 --> 00:03:44,200 Speaker 3: That's right, so Uber and Lyft are both try going 68 00:03:44,200 --> 00:03:47,120 Speaker 3: to be testing out by Do's Apollo Go cars in London. 69 00:03:48,000 --> 00:03:52,160 Speaker 3: This follows Alphabet's Weimo which started testing this year. Bid 70 00:03:52,360 --> 00:03:56,400 Speaker 3: has been really dominating the space for these driver list taxis. 71 00:03:56,640 --> 00:03:59,120 Speaker 3: Those cars already operate in twenty two different cities. This 72 00:03:59,160 --> 00:04:01,280 Speaker 3: will be a test of driving on the left hand 73 00:04:01,320 --> 00:04:02,000 Speaker 3: side of the road though. 74 00:04:03,280 --> 00:04:07,520 Speaker 2: This stockmover's report from Bloomberg Radio. Check back with us 75 00:04:07,560 --> 00:04:10,360 Speaker 2: throughout the day for the latest roundup of companies making 76 00:04:10,440 --> 00:04:14,040 Speaker 2: news on Wall Street and for the latest market moving headlines. 77 00:04:14,280 --> 00:04:18,279 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 78 00:04:18,320 --> 00:04:21,400 Speaker 2: dot com, and on Applecarplay and Android Auto with the 79 00:04:21,440 --> 00:04:22,799 Speaker 2: Bloomberg Business app.