1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, the Stock Movers Report, 2 00:00:10,240 --> 00:00:13,520 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:16,160 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,239 --> 00:00:17,800 Speaker 2: Stock movers, and they're moving. 5 00:00:17,960 --> 00:00:18,919 Speaker 1: Here's Lisa Miteo. 6 00:00:19,040 --> 00:00:20,680 Speaker 3: All right, I have to start with Warner Brothers. We've 7 00:00:20,680 --> 00:00:23,360 Speaker 3: been talking about it all morning long. Their shares WBD 8 00:00:23,520 --> 00:00:26,320 Speaker 3: has been up as much as four percent. A lot 9 00:00:26,320 --> 00:00:30,120 Speaker 3: of different news surrounding the bid offers from Netflix and Paramount. 10 00:00:30,280 --> 00:00:32,200 Speaker 3: I want to start with Netflix. So the news from 11 00:00:32,200 --> 00:00:35,000 Speaker 3: Netflix they refinanced part of a fifty nine billion bridge 12 00:00:35,000 --> 00:00:37,920 Speaker 3: loan to support the potential acquisition of Warner Brothers. So 13 00:00:38,159 --> 00:00:40,000 Speaker 3: if you look at the breakdown, this is, according to 14 00:00:40,040 --> 00:00:43,440 Speaker 3: a filing, secured a five billion revolving credit facility two 15 00:00:43,560 --> 00:00:46,600 Speaker 3: ten billion delayed draw term loans to finance part of 16 00:00:46,600 --> 00:00:48,400 Speaker 3: that bridge facility it took out for the bid, and 17 00:00:48,440 --> 00:00:52,160 Speaker 3: that leaves about thirty four billion for syndication. Netflix shares 18 00:00:52,200 --> 00:00:54,560 Speaker 3: have been up a much as half a percent, and 19 00:00:54,640 --> 00:00:57,320 Speaker 3: then you had Paramount's guidance came just after that, a 20 00:00:57,320 --> 00:01:00,480 Speaker 3: lot of news this morning, more than three percent. They 21 00:01:00,480 --> 00:01:02,920 Speaker 3: sweetened the bid for Warner Brothers Discovery. Right, it includes 22 00:01:02,960 --> 00:01:07,280 Speaker 3: a personal financial guarantee by Oracle chairman Larry Ellison. Yes, 23 00:01:07,319 --> 00:01:10,479 Speaker 3: the father of David Allison, Daddy stepping, and he's gonna 24 00:01:10,520 --> 00:01:15,759 Speaker 3: personally guarantee forty point Bill. I said that it would 25 00:01:15,760 --> 00:01:19,600 Speaker 3: be in the time equity financing. But this is what 26 00:01:19,640 --> 00:01:21,600 Speaker 3: they were looking for. They were looking for that personal 27 00:01:21,760 --> 00:01:23,759 Speaker 3: guarantee to hear from at LISTA and I'd have no 28 00:01:23,800 --> 00:01:25,840 Speaker 3: clue what we're talking about other than she saw I 29 00:01:25,880 --> 00:01:26,280 Speaker 3: have a tar. 30 00:01:26,400 --> 00:01:29,200 Speaker 1: I didn't, Paul, what's it all mean. 31 00:01:29,720 --> 00:01:32,080 Speaker 2: I think it means that the Ellison's they're putting their 32 00:01:32,080 --> 00:01:35,760 Speaker 2: best foot forward here and they're really committed to getting 33 00:01:35,800 --> 00:01:38,039 Speaker 2: this deal. So Netflix just ticks it up a couple 34 00:01:38,040 --> 00:01:38,560 Speaker 2: of dollars. 35 00:01:38,680 --> 00:01:39,280 Speaker 3: Is that the game? 36 00:01:39,480 --> 00:01:41,840 Speaker 2: I think both are going to have to bring their 37 00:01:41,840 --> 00:01:42,240 Speaker 2: bids up. 38 00:01:42,319 --> 00:01:42,479 Speaker 1: Yeah. 39 00:01:42,480 --> 00:01:45,039 Speaker 2: I think it's gonna get to that. Mary thinks that. Yeah. Well, 40 00:01:45,040 --> 00:01:47,960 Speaker 2: of course, of course, and he knows what he's talking about, Marybelly, 41 00:01:48,080 --> 00:01:49,760 Speaker 2: So we'll see. But I mean, this is a good 42 00:01:49,800 --> 00:01:51,760 Speaker 2: step on the part of the paramount, and it was. 43 00:01:51,760 --> 00:01:53,400 Speaker 3: The trust right, the trust with a. 44 00:01:53,400 --> 00:01:54,280 Speaker 1: Big issue, yep. 45 00:01:54,320 --> 00:01:56,360 Speaker 2: And he says, we will not revoke this trust. It's 46 00:01:56,440 --> 00:01:59,040 Speaker 2: the stock is going to stay there and everything that well, 47 00:01:59,040 --> 00:02:00,440 Speaker 2: I'm not sure everything, but a lot of things that 48 00:02:00,480 --> 00:02:03,240 Speaker 2: Warner Brothers said was lacking in their bid they've tried 49 00:02:03,280 --> 00:02:05,920 Speaker 2: to cure here. So there you go. All right, there's 50 00:02:05,920 --> 00:02:07,400 Speaker 2: Warner Brothers. How about rocket Lab? All right? 51 00:02:07,440 --> 00:02:09,320 Speaker 3: So rocket Lab RKLB. 52 00:02:10,919 --> 00:02:13,920 Speaker 1: You know the stocks before the report? Oh yeah, I know, 53 00:02:14,080 --> 00:02:17,960 Speaker 1: I know, I don't know them. Sure, emailers, step up. 54 00:02:18,240 --> 00:02:18,919 Speaker 1: What's it called? 55 00:02:19,320 --> 00:02:20,280 Speaker 2: Rocket Lab? 56 00:02:20,480 --> 00:02:25,600 Speaker 3: Yes, Space Launch Technology Company? Yes, yes, yes, okay, So 57 00:02:25,680 --> 00:02:28,280 Speaker 3: their shares are rocketing up as much as four percent. 58 00:02:28,800 --> 00:02:31,720 Speaker 3: They actually dumped eighteen percent on Friday, close at a 59 00:02:31,760 --> 00:02:34,639 Speaker 3: record high seventy dollars and fifty two cents. The reason 60 00:02:34,639 --> 00:02:37,240 Speaker 3: why on Friday is because the US based Development Agency 61 00:02:37,240 --> 00:02:39,400 Speaker 3: they said they awarded the company in agreement worth up 62 00:02:39,400 --> 00:02:42,000 Speaker 3: to eight hundred and five million dollars. They're going to 63 00:02:42,040 --> 00:02:46,280 Speaker 3: provide eighteen missile warning tracking defense satellites. Rocket Lab said 64 00:02:46,280 --> 00:02:49,960 Speaker 3: the agreement was its biggest single contract to date. And 65 00:02:50,000 --> 00:02:52,600 Speaker 3: then also came the news that had also successfully launched 66 00:02:52,639 --> 00:02:55,600 Speaker 3: its twenty first electron rocket of the year. This is 67 00:02:55,800 --> 00:02:59,400 Speaker 3: very science based, well above my big read. But yeah, 68 00:02:59,440 --> 00:03:02,000 Speaker 3: their shares a and skyrocketing on this news, so apparently 69 00:03:02,120 --> 00:03:04,519 Speaker 3: was a big deal. For them. So we go from 70 00:03:04,840 --> 00:03:09,080 Speaker 3: Rocket Lab, we go to software fintech company Clearwater Analytics Holding. 71 00:03:09,120 --> 00:03:12,000 Speaker 3: It's cw AN is their ticker. Their shares have been 72 00:03:12,080 --> 00:03:14,919 Speaker 3: up as much as eight percent. They agreed to be 73 00:03:14,960 --> 00:03:17,160 Speaker 3: acquired taking private by an investor group. It was led 74 00:03:17,160 --> 00:03:20,760 Speaker 3: by Permira, also Warburg Pinkus. It's a deal worth eight 75 00:03:20,840 --> 00:03:25,600 Speaker 3: point four billion dollars. So the breakdown. Shareholders of Clearwater 76 00:03:25,600 --> 00:03:27,920 Speaker 3: they're going to receive twenty four dollars fifty five pence 77 00:03:28,000 --> 00:03:31,360 Speaker 3: cents per share in cash under the terms. The deal 78 00:03:31,400 --> 00:03:34,120 Speaker 3: price represents a premium about forty seven percent the firm's 79 00:03:34,120 --> 00:03:37,640 Speaker 3: closing price November tenth. But it still needs approval. It 80 00:03:37,640 --> 00:03:41,200 Speaker 3: needs approval from Clearwater shareholders, It needs clearance from regulators 81 00:03:41,200 --> 00:03:43,720 Speaker 3: on top of that, and they expect to complete that 82 00:03:43,800 --> 00:03:45,760 Speaker 3: in the first half of the year. So we'll see 83 00:03:45,840 --> 00:03:46,760 Speaker 3: if that does happen or not. 84 00:03:47,120 --> 00:03:49,640 Speaker 2: Okay, stuck, you have what I'll give you. 85 00:03:49,640 --> 00:03:51,440 Speaker 3: I'll give you a few quickies. How about that? Okay? 86 00:03:51,880 --> 00:03:56,200 Speaker 3: Marvel Technology is the chip maker bam okay rising two percent. 87 00:03:56,760 --> 00:03:59,520 Speaker 3: City basically opened a positive catalyst watch on the company 88 00:03:59,560 --> 00:04:02,760 Speaker 3: ahead of next month CEES conference. That conference huge, that's 89 00:04:02,760 --> 00:04:03,440 Speaker 3: gonna be a big thing. 90 00:04:03,480 --> 00:04:04,120 Speaker 1: That's a big one. 91 00:04:04,160 --> 00:04:05,680 Speaker 3: Yes, that is definitely a big one. 92 00:04:05,960 --> 00:04:07,640 Speaker 1: Road trip. I got some stories in there. 93 00:04:07,680 --> 00:04:12,320 Speaker 2: Boy oh yeah, the Blagio, Oh my craft table late 94 00:04:12,360 --> 00:04:14,200 Speaker 2: at night and yeah, good news. 95 00:04:14,520 --> 00:04:17,520 Speaker 1: I went to the Bollaggio for breakfast months and it 96 00:04:17,640 --> 00:04:21,480 Speaker 1: was like no fun. I charged it to Retto keepers pay. 97 00:04:21,520 --> 00:04:23,960 Speaker 2: There was like one hundred and thirty dollars for breakfast 98 00:04:24,000 --> 00:04:29,120 Speaker 2: to Volagio. Yep, absolutely, those are It's great. Nice Placeto. 99 00:04:29,320 --> 00:04:33,839 Speaker 2: Keep them trips down on the table. That's good. 100 00:04:34,279 --> 00:04:36,120 Speaker 3: I told him, next time I washed dishes, you got 101 00:04:36,160 --> 00:04:36,560 Speaker 3: one more. 102 00:04:37,320 --> 00:04:37,520 Speaker 1: Yeah. 103 00:04:37,520 --> 00:04:39,280 Speaker 3: Since we've been talking about gold and silver, I just 104 00:04:39,320 --> 00:04:43,000 Speaker 3: wanted to point out the miners like Newmont core miner. Yeah, 105 00:04:43,000 --> 00:04:45,520 Speaker 3: they're up by four percent for for core mining, and 106 00:04:45,560 --> 00:04:47,440 Speaker 3: a new month's up about two percent. So with all 107 00:04:47,480 --> 00:04:48,480 Speaker 3: the news on commodities this. 108 00:04:48,440 --> 00:04:50,640 Speaker 1: Week, you get the forty five dollars today. 109 00:04:51,440 --> 00:04:55,400 Speaker 2: Silver just up one hundred fi today. 110 00:04:55,960 --> 00:04:59,880 Speaker 1: This stock Mover's report from Bloomberg Radio. 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