IDK, WBD has one of the strongest remaining portfolio's of content/IP out there--super valuable for any of the big streamers/big tech players looking for differentiation. With a 7 to 10X ebitda multiple (from like media M&A comps), we could see a share price of ~15 to ~30. Interesting upside? Or a pipe dream?
Hi AnonGuy2025 - thanks for subscribing. I will be writing more today about the $WBD split they announced this AM. Look - M&A is always a possibility with media companies. I think what is different this time, is we already had a decade of intense M&A activity. Now, this WBD deal today reverses DECADES of M&A and shows it did not create value. Post spin, I think whatever WBD entity has less debt, will be a takeout candidate. But buyers are NOT rushing to pay a premium. This is how 2025 is different than 2015. Thanks for reading!
IDK, WBD has one of the strongest remaining portfolio's of content/IP out there--super valuable for any of the big streamers/big tech players looking for differentiation. With a 7 to 10X ebitda multiple (from like media M&A comps), we could see a share price of ~15 to ~30. Interesting upside? Or a pipe dream?
Hi AnonGuy2025 - thanks for subscribing. I will be writing more today about the $WBD split they announced this AM. Look - M&A is always a possibility with media companies. I think what is different this time, is we already had a decade of intense M&A activity. Now, this WBD deal today reverses DECADES of M&A and shows it did not create value. Post spin, I think whatever WBD entity has less debt, will be a takeout candidate. But buyers are NOT rushing to pay a premium. This is how 2025 is different than 2015. Thanks for reading!
....unless you're the son of the now richest man in the country? interesting times in media, markets and m&a....