<description>&lt;p&gt;Watch Tom and Paul LIVE every day on YouTube: &lt;a href="http://bit.ly/3vTiACF" data-destination="rte:bind"&gt;http://bit.ly/3vTiACF&lt;/a&gt;.&lt;br&gt;Bloomberg Surveillance hosted by Tom Keene &amp;amp; Paul Sweeney &lt;br&gt;Friday, December 5th, 2025&lt;br&gt;&lt;br&gt;Featuring:&lt;br&gt;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&amp;rsquo;s dominant paid streaming service with one of Hollywood&amp;rsquo;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.&lt;/p&gt; &lt;p&gt;2) Katy Kaminski, Chief Research Strategist at AlphaSimplex, discusses how rate cut expectations are lifting small and mid cap stocks more than big tech.&lt;/p&gt; &lt;p&gt;3) Felix Gillette, Bloomberg News Media &amp;amp; Telecom Reporter, joins to provide more analysis on the Netflix-WBD deal.&lt;/p&gt; &lt;p&gt;4) Barbara Reinhard, CIO of Multi Asset Strategies &amp;amp; Solutions at Voya Investment Management, on equities stabilizing as investors weigh rate cuts and BOJ contagion risks.&lt;/p&gt;&lt;p&gt;See &lt;a href="https://omnystudio.com/listener"&gt;omnystudio.com/listener&lt;/a&gt; for privacy information.&lt;/p&gt;</description>

Bloomberg Surveillance

Bloomberg

Netflix to Buy Warner Bros. Discovery

DEC 5, 202534 MIN
Bloomberg Surveillance

Netflix to Buy Warner Bros. Discovery

DEC 5, 202534 MIN

Description

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.