According to @CNBC, Warner Bros. Discovery (WBD) shareholders are weighing a takeover offer from Paramount Global (PARA), creating headline-driven event risk that can increase gap volatility and intraday swings in WBD and PARA until definitive terms are published. Source: CNBC. The CNBC post does not disclose offer price, consideration mix, or regulatory path in the tweet, so traders should wait for company announcements or filings before sizing positions and use options implied volatility and spreads to gauge risk. Source: CNBC. Cross-asset sentiment can react to large-cap media M&A headlines; crypto desks may monitor BTC and ETH during U.S. cash hours for correlation moves following this CNBC-flagged catalyst. Source: CNBC.

According to @KobeissiLetter, Paramount launched a hostile takeover bid for Warner Brothers at $30 per share just days after Netflix had reportedly won the bidding war, setting a clear headline offer level for price discovery, source: @KobeissiLetter. According to @KobeissiLetter, Paramount stated the Netflix transaction provides Warner Brothers shareholders with inferior and uncertain value, indicating a contested outcome relative to the prior result, source: @KobeissiLetter. According to @KobeissiLetter, no additional terms (cash or stock mix, financing, or timing) were disclosed in the post, and the post does not cite any cryptocurrency market linkage or tokenized equity exposure, source: @KobeissiLetter.

According to @business, Warner Bros Discovery (WBD) rejected Paramount Skydance’s initial takeover approach as too low, citing people familiar with the matter (source: Bloomberg). The report did not disclose pricing, structure, or timing details of any proposal or potential revisions (source: Bloomberg). The report did not reference digital assets or any implications for cryptocurrency markets (source: Bloomberg).