Bloomberg Audio Studios, podcasts, radio news. Single best idea, the single best idea is if you book quality people, somehow they dovetail with the news flow. To this day, I do not understand how that happens. But if you plan on doing a follow up on Netflix and you have a guest with an incredibly difficult schedule and they say, yeah, we can come into the vicinity at nine o'clock and three minutes before they get on littlely they're sitting up getting wired up into the studio, you come out with
a hostile takeover. This is paramount going for Netflix. Keith Rogenothen of Bloomberg Intelligence owns the high Ground. We asked her on the surprise of the moment.
Yeah, not surprised at all, Tom, I mean we knew they were not going to go away easily. You know, there was so much drama last week, even as we knew that Netflix was kind of closing in on the Warner Brothers deal. But just from you know, first take, so basically even last week we know that as Netflix kind of made its offer at just just a little bit shy of twenty eight dollars to share for the studio, Paramount had actually made the offer for a thirty dollars
cash bid for all of Warner Brothers Discovery. So the thing is, when you kind of compare the two offers here, the Netflix offer is still superior because it's only for part of the company, the remaining part of the company, which is the TV networks business. We value it at about four dollars a share, So you put the value of the total Warner Brothers Discovery assets, the entire portfolio at thirty two dollars, so right off the bat, slightly lower than what Netflix is offering.
Of course, sounds like a conversation back a couple decades ago. All of a sudden, you know, maybe we'll hear from someone from Drexel Burnham Lamber here to help us out. Gee through Raganov and there on Netflix, on Warner Brothers Discovery on Paramount as well. We continue the conversation Gee through Raganav and looking at the dreaded word synergy.
The synergies. So you know, when you kind of think about Netflix actually laid out two to three billion dollars in synergies, and that's the only part of the operation that's only with you know, the studio and streaming business. And really all of those synergies are just going to come from the streaming business. You know, because you have HBO Max, you have Netflix. You don't want to run two separate services necessarily, So it's combining the text tax.
In the case of Paramount, there's a whole lot more of synergies that can be extracted. You have two separate studios, you have two separate or many streaming platforms, you have two different TV networks divisions. So when you kind of look at the savings potential there, obviously it's huge. It just means that Paramount can actually go much higher. In terms of a bit.
Keitha raghenathen and she will have an eventful day, week and months. Here is a soap opera. I love it. I don't know if any of these players are involved in soap operas, but it is a soap opera. Shout out single best idea. Shout out to Lukashaw With definite of reporting this weekend for Bloomberg News, we reported of the conversation with Netflix leadership at the White House with the President of the United States. We're there out on podcasts,
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