Corporate Finance

When Stated vs. Modeled Cost-of-Equity Diverges: Deal Incentives & Valuation Signals

Gist Investment bankers’ disclosed cost of equity (COE) estimates from takeover filings are significantly related to beta and firm size, but show weak or contradictory relations with many other firm-level risk factors—differing from common academic asset-pricing models. [1] [7] Banks assign higher COEs in management buyouts, lowering implied valuation of targets, which appears tied to …

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Paramount’s $108B All-Cash Bid Competes with Netflix in Media Deal Showdown

Executive Summary Paramount Skydance has submitted a $108.4 billion all-cash hostile bid to acquire Warner Bros. Discovery (WBD), offering $30 per share—surpassing Netflix’s competing deal valued at about $82.7–83 billion with $27.75 per share. Netflix’s deal would acquire only WBD’s studios and streaming businesses, whereas Paramount’s offer includes WBD’s entire company, including linear cable assets. …

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Netflix $59B Bridge Loan Signals Surge in AI-Driven Financing & M&A Trends

Executive Summary Netflix is arranging a landmark financing package of $59 billion in short-term debt (a bridge loan) to help fund its $83 billion acquisition of Warner Bros. Discovery (“WBD”), with Wells Fargo leading the deal and BNP Paribas and HSBC among other major lenders. The transaction reflects renewed strength in large-scale corporate finance, with …

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JPMorgan Builds Natural Resources Vertical with Key Hires for Middle-Market Energy Deals

JPMorgan has hired Max Barrett and Brad Epstein as Houston-based m...

The bank is creating a new natural-resources-focused vertical with...

Barrett will cover energy services and equipment companies, while ...

The move aims to capture more advisory and capital-raising busines...

JPMorgan Bolsters Mid-Cap Investment Banking with Senior Hires to Expand Deal Pipeline

JPMorgan is expanding its mid-cap investment banking franchise by ...

The mid-cap team has grown about 40% to 250+ bankers and completed...

The bank aims to grow business services fee revenue to roughly $50...

This push reflects a strategic shift toward steadier, less volatil...

How Netflix’s $59B Bridge Loan Fuels Its Warner Bros Acquisition & Debt Strategy

Netflix is buying Warner Bros Discovery’s studios and streaming ...

The deal is funded by a $59 billion unsecured bridge loan led by W...

Netflix’s pro forma net debt is expected to jump toward $75 bill...

The transaction faces regulatory review, execution and integration...
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