Warner Bros. Discovery, Inc.

Netflix, Inc.

Oracle founder agreed to act as a guarantor of the deal to allay the fears of WBD's board of directors

Billionaire Ellison personally guaranteed Paramount $40 billion to buy Warner Bros.

Paramount Skydance Corporation

The Warner Bros. board on Dec. 17 urged shareholders to reject a $108.4 billion <a href="https://oninvest.com/article/paramount-perebila-predlozenie-netflix-v-bor-be-za-warner-bros-cto-dumaet-uoll-strit">offer</a> from Paramount Skydance to buy the studio, saying it did not contain sufficient financing guarantees, Reuters <a href="https://www.reuters.com/legal/transactional/warner-bros-discovery-board-rejects-rival-bid-paramount-2025-12-17/">writes.</a>

Incomplete bid: Warner Bros. urged shareholders to reject Paramount's bid

OpenAI is discussing raising more than $10 billion from Amazon and a possible move to Trainium chips, which means less dependence on Microsoft. Alphabet-owned startup Waymo is negotiating a $15 billion round, which would give it a valuation of $110 billion. These and other topics are covered in our review of key events for the morning of December 17.

Highlights for this morning: OpenAI mega-round, $15 billion for Waymo, Warner Bros. prefers Netflix

Amazon.com, Inc.

The Walt Disney Company

The release of new TV series on Netflix and other streaming platforms provokes a decline in stocks the next day, <a href="https://oninvest.com/article/prem-ery-serialov-netflix-privodat-k-snizeniu-akcij-zaavili-ucenye-kak-eto-svazano">according to</a> a study by a group of scientists from the University of Hong Kong Business School. They concluded that traders who are exhausted after a night of "inebriated" watching fresh episodes are more inclined to close positions than to open them. Psychologist Mikhail Tegin breaks down the methodology of the study for Oninvest and explains what questions it raises.

Researchers have linked watching Netflix and stock declines. What questions do you have for the study?

Series premieres or the release of new episodes of popular shows on Netflix, Hulu and other streaming platforms are increasing the share of Wall Street bears, a <a href="https://www.instagram.com/reel/DSC9R8JioK2/?igsh=MWNoeDdiNDhyMzN0dg==">study by a</a> team of academics from the University of Hong Kong Business School <a href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5808502">claims</a>.

Netflix series premieres lead to stock declines, researchers said. How is this related?

NVIDIA Corporation

Carvana Co.

CoreWeave, Inc.

The Gap, Inc.

Daily review and forecast of events on the U.S. stock market from Mikhail Denislamov, Deputy Director of Freedom Capital Markets Research.

Morning in New York: employment statistics will set the vector for trades

Paramount Skydance <a href="https://oninvest.com/article/eto-dorogo-kak-krupnejsaa-sdelka-s-warner-bros-mozet-utanut-akcii-netflix-vniz">has made a new offer to</a> buy Warner Bros. Discovery (WBD), which owns the rights to "Game of Thrones," "Harry Potter" and "Lord of the Rings": at $30 per share in cash.

Paramount outbid Netflix in the battle for Warner Bros. What Wall Street thinks

The main U.S. stock index rose for the fourth day in a row at the end of trading on December 5: it approached the all-time record, which was set in October, but has not yet broken it. Investors decided not to make big bets in anticipation of the Federal Reserve's interest rate decision next week, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-12-04/stock-market-today-dow-s-p-live-updates">explained</a>.

S&amp;P 500 is one step away from a new record: investors await Fed rate decision

The last price Paramount offered for Warner Studios was $24 per share, Netflix offered $27.75

'It's expensive'. How could the biggest deal with Warner Bros. drag Netflix stock down?

Netflix has agreed to acquire the television and movie studios of Warner Bros. Discovery, as well as the streaming division for $72 billion. This deal will transfer control over one of Hollywood's most valuable and oldest assets to the streaming pioneer, who has turned the entire media industry upside down, Reuters <a href="https://www.reuters.com/legal/transactional/netflix-agrees-buy-warner-bros-discoverys-studios-streaming-division-2025-12-05/">reports</a>.

$72 billion deal: Netflix buys part of Warner Bros. business. Discovery

The agreement could be announced in the coming days, Reuters sources said