charlie gasparino has details on what shari redstone may do next in her bid to offload the media gianta... people person. but he is an “i can solve this in 4 different ways” person. you need clem. clem needs benefits. work with principal so we can help you with a plan that's right for him. you know what i'm saying? let our expertise round out yours. hi, i'm stacey, and i've lost 60 pounds on golo. (guitar music) this belt i used to wear, way down at the first and second notch, it's the only thing i've kept from before losing weight and i'm keeping this because i'm never going back. . . people couldn't see my potential. so i had to show them. i've run this place for 20 years, but i still need to prove that i'm more than what you see on paper. today i'm the ceo of my own company. it's the way my mind works. i have a very mechanical brain. why are we not rethinking this? i am more... i'm more than who i am on paper. >> closing bell eight minutes away. this is why we shouldn't take a commercial break because in the commercial break we just hit a fresh low for the dow, 645 point loss. right

shari redstone would be handed a check for $2 billion under the skydance/redbird deal.d get if it was just a straight purchase of everything which is what apollo and sony want, they're seeking to purchase it for $26 billion. that would immediately pay down $14 billion in debt and then, you know, she does have, she does -- i mean, everybody else gets a chunk after that. it's unclear just how much she would get after that, but she gets a cool $2 billion under the skydance deal, that's for sure. and plus, she gets to preserve her father's legacy. so that's kind of with where we're going here. and there from what i hear x this is just on shari's side, so just take it from the source, they think that the regulatory hurdles are insurmountable on the apollo-sony, and we can go through tata real quick. sony is a japanese company. that's a problem, right? you have to go through cfius. you have to to get approval. if it's the biden administration, it's probably a 0% chance. if there's a trump administration, a little more friendly but still, you know, not totally friendly on big

. >> noun voting shareholders because they might sue and pay shari redstone. what sources are telling me, one way at that, you might call this a sweetener, but this is what we're hearing, shari redstone take as more direct stake in the new company. maybe a preferred share. she doesn't get the three billion dollars of cash she initially wants. maybe the deal is entirely valued at three billion when you have the preferred and including cash what she holds in the company, but the bottom line, notion all of sudden there is a sweetener, they have been working on structure now, structure is how do we satisfy everybody? the sweetener if you want to call it that, would be something to pay off the common shear holders shareholders, where it was structured last time we talked about a sweetener a month ago, paying down some debt and some sort of recognition that you with redbird, with skydance, with kkr as well, you, the common shareholders will be all in this together. so that's where we are right now. i think the real news story it looks like, i reported this a week ag

the next hour or so the special committee monitoring all deals tear paramount be as you show shari redstone, dealing with skydance on exclusive which ends tomorrow, for all i know they will get an extension on that. an extension would signal they're not looking very keenly on this offer. why aren't they looking keenly on this offer. liz: i would think an extension means they need to more time to look at offer. >> sorry, i dropped my phone. liz: i tried to ignore it but you're not very cool. >> if there is extension on exclusivity, they're dealing exclusively with skydance. that means they're not dealing with the apollo-sony merger y would they want to do that? from the other side, apollo side, the zone any side, i've been speaking with those folks, the skydance side, redbird side, shari redstone side, we would want to see money if you have it. that is lot of money. do they really want to pay 26 billion for this? they have a market cap with today's move about 10 billion. they're paying 2 1/2 times, right? that's, that's number two. and number three, thank you for saying that in my ear, i was

skydance remains in the mix as shari redstone prefers it over sony. >>> and shareholder services investor is calling on boeing to vote against ceo david calhoun's nearly $39 million pay package during the annual meeting on may 17th. the package amounts to a 45% increase from the previous year. iss sicites a size abieable incn the grant. >>> and three-time starbucks ceo howard schultz is calling out the open. in a post on sunday, schultz says starbucks requires a focus on the customer experience through the eyes of the merchant. the answer does not lie in data, but in the stores, frank. >> strong criticism. silvana, thank you. >>> we have a lot more to come on "worldwide exchange," including the one word that investors need to know today. first, warren buffett says the iphone may be the greatest product of all time, but since 2007, what else does apple have for investors? we will discuss that and more. stay with us. >>> plus, a closer case of the chinese con sierm. consumer. little a live report from beijing. >>> we have a very busy hour still ahead when "worldwide exchange" returns. stay

i would say if shari redstone want ded them to take the deal, they could have.hat is when streaming was going to the moon and netflix was taking off and everybody staying home and watching. yeah, there's plenty of blame to go around. the valuation that was seen a few years ago is not there today. >> you know, for the world's smallest high lviolin, but that still sad. that's built up. >> it is a tough and challenging environment. >> it is a change in how val st ued these things. it was a change in how wall street valued it. >> jeff looks like a genius at this point. becky will have mario gabelli in a little bit. >> right. mario gabelli is a major owner of paramount. we are talking to rogers tomorrow. they own a chunk of it. berkshire hathaway owns 9.36%. three major players will get into it. >>> when we come back, our first guest from berkshire hathaway's annual meeting. we are talking to the ceo of portfolio company oriental trading company. steve will join us next. >>> a programming note. we will have full coverage as warren buffett takes the stage to answer sh

according to the report, the venture is considering several plans for paramount's futures adding that shari redstoneould not oppose the deal. >>> and the vice chairman of nippon steel is heading to pittsburgh to shore up the deal for u.s. steel. the one opposed by the biden administration and the former trump administration and the union. the japanese steelmaker expects to close the deal in the second half of the year. >> silvana, i almost did the pittsburgh accent living in pennsylvania, but did not. >> great to have you back, frank. >>> thank you. we have more to come on "worldwide exchange," and the one word investors have to know today and the latest on the record run and the earnings report which could decide the next move by the fed. >>> and taiwan doubles down on its opposition to beijing. >>> and later, the latest bet by elliott management sending one share popping. we'll have more on "worldwide exchange" when we return. stay with us. in real time. (jen) so we partner with verizon. their solution for us? a private 5g network. (ella) we now get more control of production, efficiencies, and gr

shari redstone likes the deal because it puts $2 billion in her pocket under the complex structure butmmon shareholders. it is a bet to common shareholders that this thing might work with skydance and redbird running it. david ellison at skydance a movie production companies grows with paramount. people at jeff bird, jeff shell, particularly jeff zucker, running the network, cbs in particular. you will have to bet there. maybe they pay down some debt which helps common shareholders you know there is a growing consensus there is very likelihood if you listen to rich green field, he will tell you, saying this since day one, i reported this at milkin, nothing will happen. it will just say the way it is now run by three dudes. don't ask me their names, i don't know them. but it is not bob bakish, because he was the ceo got fired for these three guys. i think they call it the hydra headed monster something along those lines. in my column at post, i referred to them if they don't get the stock up possibly known as the three stooges. take it for what it is worth. we should point out here is w

for the b-holders and a double premium, so to speak, for shari redstone and for the a-shareholders. quite certain where that comes from because "significant" can mean different things. i've heard as much as 40%. don't jump to conclusions. maybe you get to the high teens. i don't know. it does not include, as i'm told at this point, though it is considered quite serious, this bid, things like a reverse break fee that would account for some of the risks taken on in the 12 to 15 months that any sony or apollo deal would take to get approval from the antitrust authorities, the federal communications commission, it's a foreign buyer in japan. there are stations that apollo owns, so even though they already have fcc clearances, you know, would they be able to continue to increase in the station front? so, any number of complexity around that as well. but jim, that's kind of where we stand right now. sony, apollo, now, again, and i want to stress this, very different. night and day is what i'm hearing from what was that previous indication of interest from apollo alone. in this case, obvio

the other thing that is fascinating here, more stuff on shari redstone, who she might pick as potential there are two deals she is weighing in. one involves skydance and redbird. kind of like a reverse merger. she sells her stake in max amusement which controls paramount to skydance. skydance essentially merges back into paramount, creates a new company. she gets paid a couple billion dollars. shareholders don't like that deal but she still likes it despite the fact that apollo hasn't come out with a major counteroffer. what i am hearing from the shari people, is simply this. they are here by the way. they don't think that deal will pass regulatory approval. too much foreign ownership, private equity. the justice department doesn't like it could be stuck in the courts for years and that they need to better explain the skydance structure to, as a positive for common shareholders before they give up the ship and she still is favoring the skydance deal, skydance redbird we should point out for a lot of reasons including mr. ellison as you know, the younger mr. ellison, who this is his busi

corp, normally, they would have to -- they would have an obligation to maximize value, however, shari redstoney don't have to do thinking else beyond that at this point maybe they have more, i don't know >> quickly, i mean, $26 billion suggests a triple from the market cap, however, all the dealt, as well so, where can the stock trade if the deal gets done at that price? and the math suggests, what, 16ish, you can -- you probably have it in front of you. >> ish, right. >> so, there you go, $13.50 to 16, if you want to make that s.ay, there it i >> up next, final trades raising you was no bed of roses. are you getting me anything for mother's day? go to 1-800-flowers.com. oh my gosh! wow! gorgeous! i feel like royalty. thank you. 1-800-flowers.com. happy mother's day. happy mother's day! your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire at corient, matchi wealth managementption. begins and ends with you. we believe the mor

. >> right the tricky part is does shari redstone want to sell it off if it is broken up?ted that. there is a conflict to that bid. if they are willing to up it a bit, everyone will hold their nose and see what happens. >> i don't know why they couldn't just sell off the pieces themselves if that is going to happen. >> correct. >> greater than the sum of the parts. dan primak, thank you. >>> when we come back, more ipo news zeekr pricing at the top end of the range. we will talk about it later. >>> and we will have bill rudin joining us on the set when "squawk box" comes right back. (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts. >>> chinese makers zeekr prices ipo at $21 a share they will begin trading on the new york stock exchange today under the symbol zk. the company revealed 2023 revenue of $7.3 billi

an earlier deal was more beneficial to shari redstone than to other stake holders. >>> when when comee will talk about the differences about the way people save for re reti retirement. >>> and we will talk about the big moves in the stocks that reported after the bell yesterday. this is an interesting reporting season. big swings to the up and down. punishment if you miss. really quick to reward those stores looking to do well. as we head to break, look at yesterday's s&p 500 winners and losers. >> announcer: executive edge is sponsored by at&t business. next level moments need the next level network. to start a business, you need an idea. it's a pillow with a speaker in it! that's right craig. a team that's highly competent. i'm just here for the internets. at&t it's super-fast. reliable. you locked us out?! arrggghh! ahhhh! solution-oriented. [jenna screams] and most importantly... is the internet out? don't worry, we have at&t internet back-up. the next level network. i sold a pillow! >>> good morning. welcome back to "squawk box" live in nasdaq market site in times square. nasdaq