Netflix to Buy Warner Bros. Discovery

Bloomberg Surveillance

Bloomberg

News, Investing, Business News, Business

4 • 1.1K Ratings

🗓️ 5 December 2025

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney
Friday, December 5th, 2025

Featuring:
1) Geetha Ranganathan, US Media Analyst for Bloomberg Intelligence, reacts to Netflix agreeing to acquire Warner Bros. Discovery in a historic combination, joining the world’s dominant paid streaming service with one of Hollywood’s oldest and most revered studios. Under the deal announced Friday, Warner Bros. shareholders will receive $27.75 a share in cash and stock in Netflix. The total equity value of the deal is $72 billion, while the enterprise value of the deal is about $82.7 billion.

2) Katy Kaminski, Chief Research Strategist at AlphaSimplex, discusses how rate cut expectations are lifting small and mid cap stocks more than big tech.

3) Felix Gillette, Bloomberg News Media & Telecom Reporter, joins to provide more analysis on the Netflix-WBD deal.

4) Barbara Reinhard, CIO of Multi Asset Strategies & Solutions at Voya Investment Management, on equities stabilizing as investors weigh rate cuts and BOJ contagion risks.

See omnystudio.com/listener for privacy information.

Transcript

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0:24.7	And it's affiliates worldwide. This communication is issued by JPMorgan Distribution Services Incorporated member of FINRA.
0:30.7	In our new podcast, Everybody's Business, we talk about the business news that concerns everybody.
0:36.5	From Bloomberg Business Week, I'm Stacey Bannock-Smith.
0:39.1	And I'm Max Chaffkin. Each week, we unpack what is happening on Main Street and Wall Street,
0:44.8	all the streets. WrestleMania has taken over the U.S. economy. A poetry that executives write on
0:51.2	LinkedIn. A little actual magic in our underrated story of the week.
0:55.0	The single grades marketing campaign the music business has ever seen.
0:57.7	I decided to ask people how they felt about the penny going away.
1:01.5	Listen to everybody's business wherever you get your podcasts.
1:07.7	Bloomberg Audio Studios.
1:10.0	Podcasts Radio Radio, News.
1:17.3	This is the Bloomberg Surveillance Podcasts.
1:20.6	Catch us live weekdays at 7 a.m. Eastern on Apple, CarPlay or Android Auto, with the Bloomberg business app.
1:27.5	Listen on demand wherever you get your podcasts or watch us live on YouTube.
1:32.5	With this again, and we're going to do this back to back.
1:34.4	Stephen Flynn here in a moment on the credit side of this historic transaction.
1:38.7	A trooper Geitha Raghanov and with us in the last hour and joins again.
1:42.9	Geitha, somebody emails in from Delaware.
	...

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