WEBVTT - Unity Software Jumps; Blue Owl Pitches Family Offices; Pernod Rises

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>Let's take a look at some stocks in the move

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<v Speaker 2>today to the Alexis Christopher's all.

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<v Speaker 3>Right, guys, let's start with Unity Software. This stock is

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<v Speaker 3>on the move today. It's up now about fourteen percent.

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<v Speaker 3>It is a San Francisco based gaming company, and they

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<v Speaker 3>released preliminary first quarter results that beat our earlier forecast

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<v Speaker 3>on both the top and bottom line. So when you

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<v Speaker 3>dig in here, here's what Wall Street seems to like.

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<v Speaker 3>Unity is going to close its Iron Source ads network

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<v Speaker 3>and has hired an advisor to find a buyer for

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<v Speaker 3>its Supersonic games publishing business. Those titles include things like

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<v Speaker 3>Bazooka Boy and Clone Boy, which we know Paul Sweeney

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<v Speaker 3>is all about. It makes tools that help developers design

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<v Speaker 3>and make money off of video games, so it wants

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<v Speaker 3>to now focus on that's its AI driven advertising unit.

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<v Speaker 3>But get this, shares of Unity are down sixty percent

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<v Speaker 3>here to date, and that's because of Google's Project Genie

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<v Speaker 3>that some say we're going to disrupt the way video

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<v Speaker 3>games get made, so unity making some strategic moves to

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<v Speaker 3>sort of, I guess, give it its best advantage. All right,

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<v Speaker 3>All right, they say it is five o'clock somewhere, right,

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<v Speaker 3>So let's talk a little cocktails. Francis Pernode, Rasharpe, yeah,

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<v Speaker 3>owner of Absolute Vodka, and Brown Foreman, of course, the

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<v Speaker 3>owner of Jack Daniels. They're apparently in discussions about a

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<v Speaker 3>possible merger. So what would this look like, Well, the

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<v Speaker 3>world's second largest spirits maker would come together with the

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<v Speaker 3>world's largest producer of American whiskey. They're calling it a

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<v Speaker 3>merger of equals if it were to happen. Pernode up

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<v Speaker 3>about three and a half percent right now. Class B

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<v Speaker 3>shares of Brown Forman, though, are down a little bit.

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<v Speaker 3>Wall Street seems mixed on this possible hookup. Look, we

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<v Speaker 3>know that spirit companies have been going through it, right

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<v Speaker 3>because sales have been slumping now for years, and also

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<v Speaker 3>tariff pressures. Let's not forget that's causing a lot of

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<v Speaker 3>valuations there to slide. So Brown Foreman stock has actually

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<v Speaker 3>been under pressure for years, losing about half of its value.

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<v Speaker 3>So some analysts are questioning the timing of this possible deal.

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<v Speaker 3>They're pointing the fact that Pronode Richard has made some

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<v Speaker 3>big acquisitions over the past few years, and they were

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<v Speaker 3>hoping they'd actually focus a little bit on, you know,

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<v Speaker 3>paying down debt as opposed to running out and buying

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<v Speaker 3>or merging with another company. I think people are drinking

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<v Speaker 3>less because they're gummying up, doing the gummy thing. Oh,

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<v Speaker 3>the gummy, the CBD gummy.

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<v Speaker 2>I think it's a thing. I went to a formal

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<v Speaker 2>business lunch the other day. Not one single person at

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<v Speaker 2>the table, including me, at a beverage. And that's I

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<v Speaker 2>think I've never seen that except you know, in La

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<v Speaker 2>you see it because everybody's you go to Michael's in

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<v Speaker 2>Santa Monica, right, no one's drinking because you know, Michael's

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<v Speaker 2>like at the bar, going, are you kidding me? Somebody

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<v Speaker 2>order a beverage.

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<v Speaker 3>Well that's where the restaurants make your money, right, because

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<v Speaker 3>the margin's there. But yeah, it's true, all right, And

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<v Speaker 3>let's talk a little blue owl. So the stock is

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<v Speaker 3>down one percent, it is down forty percent year to date,

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<v Speaker 3>and a lot of this is about the jitter is

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<v Speaker 3>regarding private credit. So this is in timing and maybe,

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<v Speaker 3>you know, maybe this is a winning strategy. I don't know,

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<v Speaker 3>but Blue Owl is going to expand its team to

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<v Speaker 3>bring ultra wealthy investors into private markets. So it's looking

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<v Speaker 3>to partner with family offices across various opportunities. It's, you know,

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<v Speaker 3>hoping that people are going to look past those recent

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<v Speaker 3>jitters to expand into an area that they've traditionally had

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<v Speaker 3>limited exposure to, that is retail investors. So the firm,

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<v Speaker 3>of course grappling to shore up confidence here in its

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<v Speaker 3>retail focused funds, looking to partner with those family offices.

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<v Speaker 3>It's hired Blake Shorthouse from Kkar to lead the push

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<v Speaker 3>and has expanded the team to about eight people. So

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<v Speaker 3>we'll see if that goes anywhere.

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<v Speaker 1>The Stock Movers report from Bloomberg Radio. Check back with

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