WEBVTT - Netflix Refinances; Clearwater Rallies; Datavault AI Soars;

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>This Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Nathan Hager, joined by Bloomberg's Dan Curtis. At the

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<v Speaker 1>start of a holiday shortened trading week, but lots going

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<v Speaker 1>on in the individual stock space, including new developments in

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<v Speaker 1>the Warner Brothers bidding.

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<v Speaker 3>Ward.

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<v Speaker 1>Dan, We've got a Netflix REFI good morning.

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<v Speaker 3>Good morning. It's the deal that keeps on giving. As

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<v Speaker 3>you mentioned on this holiday shortened the week, so lots

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<v Speaker 3>of news out as a Netflix and Paramount both kind

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<v Speaker 3>of battle each other to get a hold of Warner Brothers.

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<v Speaker 3>This morning, we've had news that Netflix has refinanced part

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<v Speaker 3>of a fifty nine billion dollar bridge loan in an

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<v Speaker 3>effort to acquire Warner Brothers. It secured five billion dollars

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<v Speaker 3>in revolving credit and two ten billion dollars delayed draw

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<v Speaker 3>term loans. That leaves about thirty four billion dollars left

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<v Speaker 3>for syndication. Now this comes as Paramount has launched a

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<v Speaker 3>hostile takeover to take a hostile takeover offer to Netflix earlier,

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<v Speaker 3>and paramount has paramount is that offer Netflix? Sorry that

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<v Speaker 3>offer Warner Brothers recommended its shareholders reject. So it's really

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<v Speaker 3>a battle between this hostile takeover and Netflix, and Netflix,

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<v Speaker 3>even with this additional level of financing secured, still has

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<v Speaker 3>to get through regulatory hurdles to get gain approval. Looking

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<v Speaker 3>at prediction markets, they're saying that it's sixty four percent

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<v Speaker 3>chance that Netflix closes the deal. So right now netflixing

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<v Speaker 3>in the lead, and this additional financing will surely help

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<v Speaker 3>push it through.

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<v Speaker 1>Okay, So while that saga continues, maybe into the new year, Dan,

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<v Speaker 1>we have a firmer merger Monday news for a software.

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<v Speaker 3>Maker, that's right, the software maker Clearwear Analytics Tick or CW,

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<v Speaker 3>and that's up eight percent in pre market right now.

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<v Speaker 3>A private equity group led by Permira and Warburg Pinkus

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<v Speaker 3>has agreed to buy the financial service software company and

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<v Speaker 3>it deal worth over eight billion dollars. The shareholders get

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<v Speaker 3>twenty four dollars and fifty five cents a share, and

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<v Speaker 3>that's just a little bit north of the twenty four

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<v Speaker 3>dollars it's trading at in pre market. And these these

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<v Speaker 3>private equity firms do have a history with Clearwater Analytics.

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<v Speaker 3>Both Permira and Warburg helped take the company public four

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<v Speaker 3>years ago at eighteen dollars a share, So four years

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<v Speaker 3>later it's buying it back about six bucks a share.

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<v Speaker 1>Hire The biggest gainer this morning, at least one of

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<v Speaker 1>them Data Vault AI. What's going on with Data Vault

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<v Speaker 1>AI this morning?

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<v Speaker 3>Yeah, that stock is absolutely surging in high volumes too.

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<v Speaker 3>It's up thirty three percent in the pre market. It's

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<v Speaker 3>a five hundred million dollar company, so I had to

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<v Speaker 3>do a little bit digging into this. It's a database

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<v Speaker 3>company that leverages blockchain technology going through the issue and

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<v Speaker 3>so it hits on a lot of the keywords that

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<v Speaker 3>people like hearing right now. You have AI in the name,

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<v Speaker 3>you have the blockchain technology that it tries to leverage,

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<v Speaker 3>and then it also goes into quantum, some quantum encryption.

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<v Speaker 3>So it's a lot a very high tech company. It

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<v Speaker 3>has two patents that have been approved. One is to

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<v Speaker 3>use blockchain to identify content usage, verify licensing and distributing,

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<v Speaker 3>and then distribute fees. The other uses blockchain to register, track,

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<v Speaker 3>license and monetize creative works. Overall, ideas this the patent

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<v Speaker 3>helps allow for both data and creative content to be

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<v Speaker 3>quote unquote tokenized, which is very big in the blockchain community,

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<v Speaker 3>and then monetize, which is one of the company's goals.

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<v Speaker 1>And just quickly found this very interesting. Uber and Lyft

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<v Speaker 1>teaming up on robotaxi in the UK.

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<v Speaker 3>That's right, so Uber and Lyft are both try going

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<v Speaker 3>to be testing out by Do's Apollo Go cars in London.

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<v Speaker 3>This follows Alphabet's Weimo which started testing this year. Bid

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<v Speaker 3>has been really dominating the space for these driver list taxis.

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<v Speaker 3>Those cars already operate in twenty two different cities. This

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<v Speaker 3>will be a test of driving on the left hand

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<v Speaker 3>side of the road though.

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<v Speaker 2>This stockmover's report from Bloomberg Radio. Check back with us

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<v Speaker 2>throughout the day for the latest roundup of companies making

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<v Speaker 2>news on Wall Street and for the latest market moving headlines.

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