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Feb 5, 2024
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. >>> coming up, byron allen making a move to buy one major studio.paramount's stock, and if this is a good bet for the streaming company, next. >>> plus, a fast food flop. mcdonald's shares dropping. inside the disappointing numbers and how the burger giant can bounce back. back right after this. >>> black-owned businesses secured a little over $2 billion in venture capital in 2022. that's a lot of money, but it represents less than 1% of the more than $200 billion pool of vep venture cap tam. many agree there's more opportunity to invest in founders of color. celebrating black heritage, i'm sharon upperson. ♪ ♪ next. next. stop. we got it? no. keep going. aga... [ sigh ] next. next. if you don't pick one... oh, you have time. am i keeping you from your job. next. i don't even know where i am anymore. stop. do we finally have it? let's go back to the beginning. are you... your electric future. customized. the fully-electric audi q4 e-tron. ♪ ♪ (ella) fashion moves fast. setting trends is our business. we need to scale with customer demand... in real
. >>> coming up, byron allen making a move to buy one major studio.paramount's stock, and if this is a good bet for the streaming company, next. >>> plus, a fast food flop. mcdonald's shares dropping. inside the disappointing numbers and how the burger giant can bounce back. back right after this. >>> black-owned businesses secured a little over $2 billion in venture capital in 2022. that's a lot of money, but it represents less than 1% of the more than $200 billion...
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Feb 9, 2024
02/24
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just to come back to byron allen, was it a real bid he made?ing to comment on speculation as you might guess, david. >> yeah. >> other than to say, we are focused on creating shareholder value even through execution or through alternate means, and -- >> got it. >> that's our focus. >> bob, we're going to end on taylor swift, how could we not? how are you guys going to cover her at the game? a betting line and how many times cbs will show her and will she get there? >> i'm sure she'll get here, and i'm sure there are lines out there. i'll just say she is an extraordinary talent, obviously, creates a lot of excitement in the music space and has brought incremental value to the game. as i said, you know, i'm sure she hasn't hurt ratings. as to what we're going to do in terms of coverage you have to watch and see, and i'm sure, you like the rest of the world, will be watching. >> without a doubt. you think your under priced your ads given taylor swift is going to bring in more viewers? >> you could debate that. again, we just set the high watermark
just to come back to byron allen, was it a real bid he made?ing to comment on speculation as you might guess, david. >> yeah. >> other than to say, we are focused on creating shareholder value even through execution or through alternate means, and -- >> got it. >> that's our focus. >> bob, we're going to end on taylor swift, how could we not? how are you guys going to cover her at the game? a betting line and how many times cbs will show her and will she get there?...
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Feb 5, 2024
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we are going to talk a little about a big story in media, byron allen said he's begun talks with paramountn his $14.3 billion offer to acquire the film and tv giants. we know he has been very active in the deal and media space. he is in talks with the banks frequently for a lot of the financing efforts. this is a key asset in the paramount world. we will keep an eye on that deal for you. it's time now for the wall street beat, the ivy league universities are now changing their tune on standardized testing. dartmouth is following m.i.t. in requiring standardized testing for applicants and it's reigniting a debate over whether testing helps or hurts low income students. dartmouth says the move will attract more diverse candidates and janetlorin covers education and joins me now. how do people generally feel about this move? >> if you are a high school student, you're probably not happy and if you are the parent of a high school student, you're probably equally upset. if you talk to students who are attending top suburban high schools and private high schools, they probably already been takin
we are going to talk a little about a big story in media, byron allen said he's begun talks with paramountn his $14.3 billion offer to acquire the film and tv giants. we know he has been very active in the deal and media space. he is in talks with the banks frequently for a lot of the financing efforts. this is a key asset in the paramount world. we will keep an eye on that deal for you. it's time now for the wall street beat, the ivy league universities are now changing their tune on...
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Feb 10, 2024
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byron allen, the entrepreneur, renewed his push to purchase the network last december for three and af billion dollars. you have said the network needs to reassess its purpose. - yeah, i think whoever buys it needs to sit back and say, "what can we do to really make this network work?" - and you wouldn't be interested in being the owner again? - it's funny, because the bank even called wanting to know if i still wanted, no, i do not. - i mean, what a comeback story. - it would be a great comeback story, but i've got my money invested in hotels now. i think more than anything, if they would like me to just work with them behind the scenes to help them reimagine a network that's really going to address what has to be addressed in this country. and that's really giving- - which is? - african americans a platform with their voice on what they need... they need to be heard. they need to hear our issues out there, 'cause it's ill so one-sided. - can you give me an example of one of the issues that bothers you that isn't? - politics. i mean, we're so afraid to talk about who we want in the o
byron allen, the entrepreneur, renewed his push to purchase the network last december for three and af billion dollars. you have said the network needs to reassess its purpose. - yeah, i think whoever buys it needs to sit back and say, "what can we do to really make this network work?" - and you wouldn't be interested in being the owner again? - it's funny, because the bank even called wanting to know if i still wanted, no, i do not. - i mean, what a comeback story. - it would be a...
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Feb 1, 2024
02/24
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you've got a sale happening, possibly happening byron allen allen has maden has4 billion bid for paramountn part of a few deals before the big question has been is this the real deal we'll give you the details as and when it comes. >> thank you >>> still to come, the latest streamer to crackdown on password sharing and for some fans, barbie's eight nominations were no where are near enough. what the film's producers have to say about the wild award season ride, right after this. a season ride, right after this. o postmenopausal osteoporosis and are at high risk for fracture, you can build new bone with evenity®. ask your doctor if you can do more than just slowing down bone loss with evenity®. want stronger bones? then build new bone; evenity® can help in just 12 months. evenity® is proven to reduce spine fracture risk by 73%. evenity® can increase risk of heart attack, stroke, or death from a cardiovascular problem. do not take evenity® if you have low blood calcium, or are allergic to it. serious allergic reactions and low blood calcium have occurred. tell your doctor about jaw bone prob
you've got a sale happening, possibly happening byron allen allen has maden has4 billion bid for paramountn part of a few deals before the big question has been is this the real deal we'll give you the details as and when it comes. >> thank you >>> still to come, the latest streamer to crackdown on password sharing and for some fans, barbie's eight nominations were no where are near enough. what the film's producers have to say about the wild award season ride, right after this....
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Feb 13, 2024
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liz: didn't byron al allen offer $28 a share?t didn't articulate what it was. >> that's one of the problems, i think people are discounting whether he -- he says he has it. so take him at his word. but, you know, if he has it, where's the deal? where's the deal with skydance? i mean, what's -- larry ellison is worth how many gazillions of dollars? liz: yeah, but it's his kid, and does the dad really want to throw billions behind -- >> here, sonny if, here's 10 billion. he's got the money. so it's very strange. my guess -- what i'm hearing from my sources is she wants this, the bids are here, and it ain't happening at least not yet. and,ing by the way, the people that could buy it like comcast, you know, maybe doesn't want to go through the regulatory stuff. david zaslav, he's got his own debt to hand a although he's good at the balance sheet. it would take some real slicing and dicing here to make it work. so that's where we are right now, impasse. cliz liz charlie, thank you very much. >> watch the announcement in five minutes,
liz: didn't byron al allen offer $28 a share?t didn't articulate what it was. >> that's one of the problems, i think people are discounting whether he -- he says he has it. so take him at his word. but, you know, if he has it, where's the deal? where's the deal with skydance? i mean, what's -- larry ellison is worth how many gazillions of dollars? liz: yeah, but it's his kid, and does the dad really want to throw billions behind -- >> here, sonny if, here's 10 billion. he's got the...
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Feb 28, 2024
02/24
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in terms of valuation, we had one offer from byron allen which was for the entire company, which wasluing the company at about $30 billion enterprise value. that is pretty much in line with the kind of way we are thinking about the company from a valuation perspective. but right now, if you look at paramount valuation multiples versus them of its peers, the company is actually trading 50% higher than its peers. that is not based on fundamentals, it is based on the prospect of m&a and if something doesn't happen quickly, those multiples will compress. annabelle: that was our bloomberg intelligence senior media analyst geetha ranganathan there. other corporate stories we are following today, morgan stanley says rolex sales last year topped $10 billion for the first time as the swiss brand gained market share. rolex produced 1.2 million watches, with sales rising 11%. the market share in its segment stands at just over 30%, a level morgan stanley describes as unprecedented. nvidia insiders sold about $80 million worth of stock after the chipmaker's earnings beat sound shares to a fresh
in terms of valuation, we had one offer from byron allen which was for the entire company, which wasluing the company at about $30 billion enterprise value. that is pretty much in line with the kind of way we are thinking about the company from a valuation perspective. but right now, if you look at paramount valuation multiples versus them of its peers, the company is actually trading 50% higher than its peers. that is not based on fundamentals, it is based on the prospect of m&a and if...
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everyone's saying byron allen is buying it, but we don't know if he's got the money. it. and who knows what else is behind the scenes. i don't know, you know, where lion tree is in the sort of media banking ecosystem now as opposed to last year. we should point out they had, they can did have layoffs at, i think the last two years i reported it, and they've had other issues. so stay tuned with this story. i thinkable story has legs. liz: charlie, thank you very much. charlie gasparino. it's ground hog day, and punxsutawney phil did not see his shadow, meaning he predicts an early spring. if you believe any of that nonsense. all right. meanwhile, how countdown closer predicts the s&p 500 is going to touch 5,000 by tend of the year. i mean -- by the end of the year. look where it is right now, 4964. will invest if ors see that number? joining me now, bank of america's securities ahead of u.s. equity and quantitative strategy, savida. it's great to have you. >> hi, liz. great to be here. liz: well, or it's not far off. [laughter] >> it's not a really bold call. liz: look
everyone's saying byron allen is buying it, but we don't know if he's got the money. it. and who knows what else is behind the scenes. i don't know, you know, where lion tree is in the sort of media banking ecosystem now as opposed to last year. we should point out they had, they can did have layoffs at, i think the last two years i reported it, and they've had other issues. so stay tuned with this story. i thinkable story has legs. liz: charlie, thank you very much. charlie gasparino. it's...
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Feb 1, 2024
02/24
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when it comes to byron allen, cnbc reached out to him.o finance a deal. paramount have yet to comment. >> we shall see. and lastly the pga tour is offering its golfers the opportunity to become, quote, owners of their league. what does that mean? what's behind it? >> yes, so big story in golf space. this came out yesterday. pga is going to get up to a $3 billion investment from strategic sports group. this means players would get access to up to $1.5 billion as equity owners as enterprise owners. another $1.5 billion would come due once the pga ends their talks with the saudi fund. remember eight months ago pga surprised everybody's by announcing this merger with liv. we don't have the final conclusion yet. one is expected to come as soon as april before the masters, but in the absence of that pga is still trying to figure out its path for the future and where the money is going to be coming from. >> and this is where i'm obligated to note the sports group pouring its cash into golf and not the boston red sox. cnbc's joumanna bercetche li
when it comes to byron allen, cnbc reached out to him.o finance a deal. paramount have yet to comment. >> we shall see. and lastly the pga tour is offering its golfers the opportunity to become, quote, owners of their league. what does that mean? what's behind it? >> yes, so big story in golf space. this came out yesterday. pga is going to get up to a $3 billion investment from strategic sports group. this means players would get access to up to $1.5 billion as equity owners as...
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Feb 27, 2024
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>> byron allen says he has the capital to do it. liz: show me the money, right?out this. liz: jeff and jeff would both be welcome too. >> yes. liz: thank you, charlie. >> we could do the deal right here on claim man --! man "countdown." then they don't have to pay goldman sachs. liz: that way they don't have to pay those guys. the original cryptocurrency skyrocketed from below 56,000, now to, it was 57,100 plus. just this month it briefly traded above 57,000. a market has not seen since december of 2021. now you may have heard of the phrase, buy low sell high, right? but our "countdown" closer has a twist on that. he says buy what people are buying. right now that is bitcoin. let's bring in george ball, the chairman of sanders, morris, harris. his company manages 4.9 billion in assets. george, feels like you're saying catch the wave. it is a momentum trade but it is a trade, right? >> it's a speculation and nobody should put more than a small amount of their portfolio into it, however i do think, two reasons for buying bitcoin now. one is the currency debate. one
>> byron allen says he has the capital to do it. liz: show me the money, right?out this. liz: jeff and jeff would both be welcome too. >> yes. liz: thank you, charlie. >> we could do the deal right here on claim man --! man "countdown." then they don't have to pay goldman sachs. liz: that way they don't have to pay those guys. the original cryptocurrency skyrocketed from below 56,000, now to, it was 57,100 plus. just this month it briefly traded above 57,000. a...
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Feb 7, 2024
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. >> what do you think -- >> then there's byron allen, which i don't want to get into at all >> whats the size of the people, when you look at that chart from moffett nathanson, who really don't have -- is it a hundred million that is untapped >> i don't know the number all i know is that number keeps growing as people fall off the bundle >> i know. >> and then the question becomes, what about news what keeps the bundle -- why >> jim had this great analogy about layoffs, playing jenga you're trying to remove as many people without making the tower fall >> to be fair, that is from amazon, when i was pressuring amazon to say, listen, if you cut out 100,000 people -- they said, do you want next-day or two days we don't know. >> but isn't the same thing relate to content? >> i think it's a terrific analogy. terrific i don't know which piece of the puzzle makes it so that you want it or want to get out. look, i think that -- this is one of those things where i really want to get in the minds of the people who never had cable. do they say, suddenly, oh, dang, $43? no i'm not paying that ex
. >> what do you think -- >> then there's byron allen, which i don't want to get into at all >> whats the size of the people, when you look at that chart from moffett nathanson, who really don't have -- is it a hundred million that is untapped >> i don't know the number all i know is that number keeps growing as people fall off the bundle >> i know. >> and then the question becomes, what about news what keeps the bundle -- why >> jim had this great...
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Feb 6, 2024
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. >> he gave a great speech at the byron allen awards. sylvia, thank you. >> you are finally on board? >> listening to the rock. >>> coming up, when we come back, a new ruling by the nlrb could clear the way for a college basketball team to join a union. we will bring you that story right after the break. "squawk box" returns right after this. >>> there's notable names of black ceos in the for tune 500. marvin ellison at lowe's and the latest addition of toni towns who joined the science corporation in october. they are among the eight ceos in the fortune 500 who are black. that is less than 2% of the list. still, it's a record number. celebrating black heritage. i'm sharon epperson. dad, we got this. we got this. we got this. we got this. life is for living. we got this. let's partner for all of it. edward jones >>> an official at the nlrb ruled yesterday that dartmouth basketball players are employees of the school which could create the first labor union for athletes. all 15 members of the men's team signed a petition in september aski
. >> he gave a great speech at the byron allen awards. sylvia, thank you. >> you are finally on board? >> listening to the rock. >>> coming up, when we come back, a new ruling by the nlrb could clear the way for a college basketball team to join a union. we will bring you that story right after the break. "squawk box" returns right after this. >>> there's notable names of black ceos in the for tune 500. marvin ellison at lowe's and the latest...