David Faber

Netflix bows out of bidding for Warner Brothers leaving Paramount as the buyer of the company.

Jack Dorsey just made the threat of AI coming for your job very real. cnb.cx/4rPEBtW

Did someone let Bill Hwang out of jail? $PSKY, $WBD

Nippon Steel has closed its purchase of U.S Steel. $X

Nippon Steel, after a lengthy political battle, gets the approval to acquire U.S. Steel for $55 a share and a lot more in promised investment.

$NFLX shares continue to rally (+6%) after earnings, nearing an all-time high and a market value almost 3x that of $DIS.

Today I am reminded of this quote from @JamesCarville - "I used to think that if there was reincarnation, I wanted to come back as the President or the Pope or a .400 baseball hitter. But now I would like to come back as the bond market. You can intimidate everybody."

The Disruptor and The Dealmaker cnb.cx/48TWwqY People seem to like this interview.

John Malone on AI, Starlink, business simplification and the changing media landscape cnb.cx/4hRyFMO Annual Malone interview.

FTC scores a big win as judge grants preliminary injunction to stop Tapestry's purchase of Capri.Court finds that "accessible-luxury handbags are distinct from mass market and true luxury."

LVMH sales not good led by 5% decline in Fashion & Leather and 7% sales decline at Wines & Spirits. Overall organic revenue down 3%. Second big miss today for large European company after ASML missed. Conf. call on-going.

Smartsheet deal is done. $56.50 a share in cash. Blackstone and Vista Equity the buyers as has been reported. Announcement imminent. $SMAR

And it's back! Sources tell me the addition of $200m in payment for NAI and stronger language on indemnification got Shari Redstone to support the Skydance deal for $Para she previously rejected. Now the deal goes back to the board's spec'l com for its approval.

@DivesTech says the party in AI is just getting started (9pm) and will go until 4am. Whether he's right is yet to be determined, but is there any doubt this guy knows how to party?

Larry Ellison's net worth has increased by over $17b this morning on $ORCL move- more than twice the value of the entire equity check Skydance and RedBird were writing to take control of $PARA

First earthquake. Hope it’s the last.

The news on $EDR is a deal by Silverlake to acquire the company not an offer. But waiting on the release.