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how would byron allen pay for this? >> that is the biggest question.t is good there is finally a formal offer on the table. we know numerous investors have been circling this asset for many months now but i think the biggest question for byron allen and that most investigators are grappling with is how are they going to pay for this? they are looking at an asset that has over $15 billion in debt and while byron allen is a wealthy individual financing this is going to be a challenge. katie: as you point out in your report this morning, you have other entities. all expressing interest here. how viable is paramount with that as an m&a target? >> is going to be difficult for anybody, especially for a buyer that does not have deep pockets. we have seen these suitors go over -- after paramount. sky dance was not looking at buying paramount outright but acquiring a controlling stake in national amusements, the parent of paramount with about 80% of voting stock in paramount. they are trying to do different things. we only heard of interest from warner bros. di
how would byron allen pay for this? >> that is the biggest question.t is good there is finally a formal offer on the table. we know numerous investors have been circling this asset for many months now but i think the biggest question for byron allen and that most investigators are grappling with is how are they going to pay for this? they are looking at an asset that has over $15 billion in debt and while byron allen is a wealthy individual financing this is going to be a challenge....
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byron allen. $14 billion is his offering for paramount. media mogul made the offer for voting shares and a 50% premium. when you include existing debt of paramount, 30 billion here with more is ethan. ultimately, is this a realistic deal? byron allen is known for making waves in media landscape and headlines. is this a realistic deal? >> it is a solid deal. the premiums are solid. this is the first cash bid paramount has received for all of the company. but byron allen has been in the thick of all of the media conversations. he has been making bids all over the place whether it was for disney's linear assets, for bet scripts. the market views this as a long shot. given there is a huge amount of debt over $15 billion. paramount is one of the most levered companies in the media world, over five times and financing will be a problem especially in the current market environment. ed: $15.6 billion on the debt side and the offer is $14 billion. paramount's current cap civilization --. where is he getting this number from? forget the kind of risk
byron allen. $14 billion is his offering for paramount. media mogul made the offer for voting shares and a 50% premium. when you include existing debt of paramount, 30 billion here with more is ethan. ultimately, is this a realistic deal? byron allen is known for making waves in media landscape and headlines. is this a realistic deal? >> it is a solid deal. the premiums are solid. this is the first cash bid paramount has received for all of the company. but byron allen has been in the...
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how much credence do you get to the reports about the offer from byron allen?dence but i think what it definitely does is it forces other bidders, other serious suitors to come out and make bids for the whole company. what we've seen is sky dance owned by david ellison which is kicking the tires but they've only been looking to acquire a stake in the controlling shareholder or parent company of paramount which is national amusements. it's not paramount itself so i think this bid by byron allen really forces the other bidders to come out and show their cards. romaine: it raises a question about what bidders want from paramount. what is attractive here? >> the studio, by all means. this is one of the most iconic studios in hollywood. it has some great ip and a great library of film and tv series titles. you have some great content production capabilities and this is an asset that throws off about $1 billion in eva dosso huge cash generation capabilities for the studio asset so that's something i think any streamer would want. i think that's what paramount has bee
how much credence do you get to the reports about the offer from byron allen?dence but i think what it definitely does is it forces other bidders, other serious suitors to come out and make bids for the whole company. what we've seen is sky dance owned by david ellison which is kicking the tires but they've only been looking to acquire a stake in the controlling shareholder or parent company of paramount which is national amusements. it's not paramount itself so i think this bid by byron allen...
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byron allen has always been interested in assets. last year for the bet network that was rejected. now he's coming back with an offer for the whole company. haslinda: paramount, one of the crown jewels. how is byron allen's offer different from other interested parties. >> if someone tries to buy out the redstone families controlling shares, there has to be litigation because the other shareholders are not getting that buyer price. byron's offer is for all of the stock, voting and nonvoting so it eliminates that issue. he said publicly before, a more qualified decision by these assets than another big media company with more scrutiny or a private equity firm doesn't have ownership already of tbs. what we are hearing is more distinct plans for what he would do with it. for example, he would sell paramount pictures film studio which is one of the most valuable assets, but a lot of people don't want to part with it. rishaad: what are people saying about the chances of this being a successful bid? >> there are certainly many hurdles invo
byron allen has always been interested in assets. last year for the bet network that was rejected. now he's coming back with an offer for the whole company. haslinda: paramount, one of the crown jewels. how is byron allen's offer different from other interested parties. >> if someone tries to buy out the redstone families controlling shares, there has to be litigation because the other shareholders are not getting that buyer price. byron's offer is for all of the stock, voting and...
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reports the media mogul byron allen is submitting a $30 billion offer for paramount including debt, planso selloff the film studio, home of mission impossible, and keep tv and paramount streaming. stuart: apple's long-awaited vision pro head set comes out friday. how much does it cost? have they told the problem? lauren: i read a lot of reviews but it does way 1.4 pounds. it is heavy and funky. they get fitted and say this hits on your face and studio, and in front of you you see the apps and pinch them to select them. it is right there. stuart: you see the apps. where do you pitch it? a pitch in the air. lauren: that is a little clunky. $3500, and 200,000 pre-sales have been made. guess who loves this idea? mark zuckerberg. he is saying our quest costs a seventh the price of what apple is doing. if apple can get people excited about head sets, for his meta verse. stuart: okay. lauren: i will get you want for christmas when it comes down in price. stuart: actually go and try one. that always held me back. it is a great idea. lauren: the netflix apps is not on it. movie theater experience,
reports the media mogul byron allen is submitting a $30 billion offer for paramount including debt, planso selloff the film studio, home of mission impossible, and keep tv and paramount streaming. stuart: apple's long-awaited vision pro head set comes out friday. how much does it cost? have they told the problem? lauren: i read a lot of reviews but it does way 1.4 pounds. it is heavy and funky. they get fitted and say this hits on your face and studio, and in front of you you see the apps and...
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paramount, it's up big on news that the billionaire entrepreneur byron allen has submitted a $14.3 billionim is off on the slopes. or i would talk to him about it. adp, that's up on earnings beat. paradyme, joe, you own this. it got downgraded today. >> i'll take the other side of the downgrade. goldman did that yesterday, raised it to a 559 price target. >> another reminder that after the fed chair finishes his news conference, we will have a conversation with jeffrey dunlap today on "closing bell," as we always do. we're looking forward to that interview. i hope you'll join us then. let's do "final trades." mr. snipe, what's on your mind? what's on your radar? >> i like blackstone here. $200 billion in dry powder. i think that gets put to work this year. >> you have some dry powder. are you looking at it? >> i am. i think it's an opportunity. we'll see. >> joe t.? >> nervous about mentioning this name. you like costco? >> i love it, but i hate the valuation. but i love it, i do. compounder. >> you own it? >> of course, for a long time. >> stef? >> good for you. >> jason snipe owns it. >>
paramount, it's up big on news that the billionaire entrepreneur byron allen has submitted a $14.3 billionim is off on the slopes. or i would talk to him about it. adp, that's up on earnings beat. paradyme, joe, you own this. it got downgraded today. >> i'll take the other side of the downgrade. goldman did that yesterday, raised it to a 559 price target. >> another reminder that after the fed chair finishes his news conference, we will have a conversation with jeffrey dunlap today...
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Jan 9, 2024
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- coming to you from hollywood almo live, it's "comics unleashed:" with your host, byron allen.
- coming to you from hollywood almo live, it's "comics unleashed:" with your host, byron allen.
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paramount global shares are sharply higher after byron allen offered to buy the company. his offer would have a total of $13 billion while bloomberg says his voting shares would represent a 50% premium on tuesday's closing price. this coming just after a month -- a month after cnbc learned that warner brothers had entered into its own merger talks with the firm. paramount is opening up at 22% more in trading. >>> meanwhile alphabet posted mixed results for the fourth quarter. it beat on the top and bottom line, but ad revenue for the holiday quarter came in below analysts' forecasts. the ceo says alphabet shares have fallen sharply. >> i'm happy with what's available through search labs in seven languages. we answer new types of questions including those from market perspectives. people are finding it particularly useful for more complex questions, by clarity, and longer queries. it's also helpful where people are looking for your deeper education and even gift ideas. >> it posted a top line beat fueled by a stronger than expected performance in cloud. however, guidance f
paramount global shares are sharply higher after byron allen offered to buy the company. his offer would have a total of $13 billion while bloomberg says his voting shares would represent a 50% premium on tuesday's closing price. this coming just after a month -- a month after cnbc learned that warner brothers had entered into its own merger talks with the firm. paramount is opening up at 22% more in trading. >>> meanwhile alphabet posted mixed results for the fourth quarter. it beat...
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s&p winners, paramount global -- lauren: byron allen. stuart: cardinal group.n't read at this distance. [laughter] nasdaq winners, tar bucks is up there. adp, lucid, constellation energy, siriusxm radio. the 10-year treasury yield, where is that this morning? is it below -- yes, below 4%. that tens technology the -- helps technology. 3.97. gold, not done much recently, $2,064 per ounce. bitcoin, roughly $42,000 and change, 42 z 9, to be precise. the pice of oil, it's the at $77 per barrel. >>> coming up, president biden claims he has done all he can to secure the border, but his 2024 challenger, rfk jr., is not buying that. roll tape. >> the border patrol is utterly demoralized. you could stop this very quickly. and there doesn't seem to be any interest in the wide withen administration doing it. stuart: we've got a texas congressman to reply on that, congressman pat fallon later in the show. >>> why get a 4-year college degree when so many companies no longer require a degree at all? mike rowe is going to join us. he says the 4-year course is shameful, that is
s&p winners, paramount global -- lauren: byron allen. stuart: cardinal group.n't read at this distance. [laughter] nasdaq winners, tar bucks is up there. adp, lucid, constellation energy, siriusxm radio. the 10-year treasury yield, where is that this morning? is it below -- yes, below 4%. that tens technology the -- helps technology. 3.97. gold, not done much recently, $2,064 per ounce. bitcoin, roughly $42,000 and change, 42 z 9, to be precise. the pice of oil, it's the at $77 per barrel....
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Jan 31, 2024
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allen's media group believes it can and former media turned businessman made an effort to buy paramount global for $58.28 and each nonvoting share and the stock is jumping right now, 6.8% and look at inter-day chart here and news of the offer broke this morning and stock was way up and got a caffeine jolt of 17% and in this final hour and it's moderated and mull the question of how allen would pull it off and allen media said it's unnamed strategic partner who is will help fund this purchase. at the moment, ceo's of financial market companies are listening very keenly to every word the fed made because of the great part of their business and hinging on the cost and market conditions and many other areas affected by the rate cycle and joining me live now. adena, let's get your raw reaction to what jerome powell said. >> i'm not surprised at all and expecting him to really note the fact that inflation is on the right track and it may be looking for a persistent trend in lower inflation and at the same time the environment stays relatively robust from a economic perspective and going on va
allen's media group believes it can and former media turned businessman made an effort to buy paramount global for $58.28 and each nonvoting share and the stock is jumping right now, 6.8% and look at inter-day chart here and news of the offer broke this morning and stock was way up and got a caffeine jolt of 17% and in this final hour and it's moderated and mull the question of how allen would pull it off and allen media said it's unnamed strategic partner who is will help fund this purchase....
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shares up nearly 7% after media entrepreneur byron allen submitted a $30 billion offer for the companye reports saying allen made a previous offer of nearly $19 billion last year. >>> and gm up 2%, continuing its climb after yesterday's earnings. the company forecasted strong profits this year. >>> shares of new york community bank corp plunging 40% today, its worst trading day on record. the company cutting its dividend, lowering its 2024 guidance as it tries to shore up finances after taking over the failed signature bank. joining us now is bill mahertin who predicted the fall of svb. what was your take on -- i don't want to say the excuses, the reasons, behind the new york community bank corp's poorly received earnings? >> i woke up this morning thinking i was going to go long the stock. i was tempted to go long, but you know, digging in, it's a mess, it's a real mess. >> what stood out to you? because it seemed like there were things that they were citing in their call that people should have known about or they should have known about, namely the two loans that were the primary re
shares up nearly 7% after media entrepreneur byron allen submitted a $30 billion offer for the companye reports saying allen made a previous offer of nearly $19 billion last year. >>> and gm up 2%, continuing its climb after yesterday's earnings. the company forecasted strong profits this year. >>> shares of new york community bank corp plunging 40% today, its worst trading day on record. the company cutting its dividend, lowering its 2024 guidance as it tries to shore up...
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Jan 31, 2024
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the media mogul byron allen has made a $14.3 billion offer for all of the outstanding shares.ffering to pay a 50% premium according to people familiar with the terms. including existing debt the total value of the deal tops about 30 billion dollars. in a statement to bloomberg news, the media group says this is the best solution for all paramount global shareholders and event should be taken seriously that pursue. that's her bloomberg brief. >> coming up next, tech falling short of ai fuel expectations. >> we continue to invest responsibly in our data centers and computer support this new way of growth in services for us and for our customers. jonathan: that conversation coming up next. good morning. you're watching bloomberg tv. ♪ j.p. morgan wealth management knows it's easy to get lost in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should hav
the media mogul byron allen has made a $14.3 billion offer for all of the outstanding shares.ffering to pay a 50% premium according to people familiar with the terms. including existing debt the total value of the deal tops about 30 billion dollars. in a statement to bloomberg news, the media group says this is the best solution for all paramount global shareholders and event should be taken seriously that pursue. that's her bloomberg brief. >> coming up next, tech falling short of ai...
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paramount, byron allen confirming his bid where he would sell the studio, keep tv and streaming.houghts on that? >> well, how's he done on the other things that he has -- do we put quote marks around his bid? i think it makes sense. i feel that lthey're -- i love their international football package. i think it's terrific. but i think that maybe it could be something he gets started with, but the stock would be much higher if it was being taken seriously. >> there's walmart and the three-for-one split. >> i'm so glad you brought that up. first of all, you know i'm very fond of walmart, both the ceo and the team and i love going to my walmart and the one thing i love is that sam walton always felt people should get stock and he didn't like fractional stock, and he was right. it's time for the -- a lot of the retail companies to say, who are are we really trying to have as shareholders? are we trying to have big hedge funds and make it easy to go in and out, or do we want individuals? if we want individuals, do what walmart is doing. walmart is true to its word. it's -- i think wal
paramount, byron allen confirming his bid where he would sell the studio, keep tv and streaming.houghts on that? >> well, how's he done on the other things that he has -- do we put quote marks around his bid? i think it makes sense. i feel that lthey're -- i love their international football package. i think it's terrific. but i think that maybe it could be something he gets started with, but the stock would be much higher if it was being taken seriously. >> there's walmart and the...