<p>因此，关于派拉蒙斯凯丹（Paramount Skydance，PSKY）可能会因这场收购风波起诉娱乐巨头华纳兄弟探索（Warner Bros. Discovery，WBD）的报道可能会持续到明年。最新的报道显示，华纳将拒绝派拉蒙的敌意报价，即使有拉里·埃里森的个人支持。这一消息让投资者感到不安，导致 2025 年交易结束时股价小幅下跌。</p>
<h3>在这个假期季节享受 70% 的折扣 TipRanks</h3>
<ul>
<li>解锁对冲基金级别的数据和强大的投资工具，以做出更聪明、更精准的决策</li>
<li>通过最新的新闻和分析保持市场领先，最大化您的投资组合潜力</li>
</ul>
<p>报道称，华纳的董事会仍然认为来自奈飞（Netflix，NFLX）的 830 亿美元交易是更优的报价，尽管这比派拉蒙的报价低了 250 亿美元。虽然需要注意的是，华纳尚未做出最终决定，但这一消息无疑对派拉蒙目前的机会不利。</p>
<p>派拉蒙似乎愿意做出改变；如果华纳愿意表现出 “善意”，报道称，派拉蒙实际上准备再次提高报价。派拉蒙还直接向股东提出了诉求，给予股东直到 1 月 21 日的时间直接向派拉蒙出售。尽管考虑到之前的截止日期是 1 月 8 日，这代表了一个显著的延长。派拉蒙显然希望给股东提供每一个机会来出售。</p>
<h2><strong>分销协议</strong></h2>
<p>华纳还成功为其最终买家争取到了更多的价值，与 Canal+ 签订了一项新的多年分销协议。该协议具有广泛的影响，将 HBO Max 引入比利时和奥地利，并在整个非洲提供 12 个不同的华纳频道。</p>
<p>华纳一直在积极追求其 HBO Max 平台的国际扩张，现在已在全球 100 多个市场上线。计划在 2026 年进行更多扩展，包括进入爱尔兰、意大利和德国，以及英国。华纳希望在 2026 年结束之前，其订阅用户超过 1.5 亿，这可能会在其被出售之前实现。</p>
<h2><strong>WBD 股票值得购买吗？</strong></h2>
<p>转向华尔街，分析师对 WBD 股票的共识评级为适度买入，过去三个月内有八个买入和 10 个持有，具体如下面的图表所示。在过去一年中，WBD 股价上涨了 171.48%，其平均目标价为每股 24.20 美元，意味着有 16.1% 的下行风险。</p>

<p>华纳兄弟探索公司（WBD）预计将拒绝派拉蒙的敌意收购提议，尽管得到了拉里·埃里森的支持。这一消息对 WBD 的股票产生了负面影响，股价在盘后交易中下滑。华纳的董事会更倾向于接受来自 Netflix 的 830 亿美元交易，而非派拉蒙的 1080 亿美元提议。派拉蒙正在将股东直接向他们出售股份的截止日期延长至 1 月 21 日。与此同时，华纳与 Canal+ 达成了分销协议，扩大了 HBO Max 的国际覆盖范围。分析师对 WBD 股票维持中性买入评级，目标价格暗示潜在的下行风险</p>

<p>So the reports that suggest that Paramount Skydance (PSKY) is likely to end up suing entertainment giant Warner Bros. Discovery (WBD) over this whole acquisition kerfuffle are likely to carry on into next year. New reports suggest that Warner will turn down Paramount's hostile offer, even with Larry Ellison's personal backing. The news did not sit well with investors, as they sent shares down fractionally in the closing minutes of 2025's trading.</p>
<div class="lb-trans"><p>因此，关于派拉蒙斯凯丹（Paramount Skydance，PSKY）可能会因这场收购风波起诉娱乐巨头华纳兄弟探索（Warner Bros. Discovery，WBD）的报道可能会持续到明年。最新的报道显示，华纳将拒绝派拉蒙的敌意报价，即使有拉里·埃里森的个人支持。这一消息让投资者感到不安，导致 2025 年交易结束时股价小幅下跌。</p>
</div><h3>Claim 70% Off TipRanks This Holiday Season</h3>
<div class="lb-trans"><h3>在这个假期季节享受 70% 的折扣 TipRanks</h3>
</div><ul>
<li>Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions</li>
<li>Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential</li>
</ul>
<div class="lb-trans"><ul>
<li>解锁对冲基金级别的数据和强大的投资工具，以做出更聪明、更精准的决策</li>
<li>通过最新的新闻和分析保持市场领先，最大化您的投资组合潜力</li>
</ul>
</div><p>Reports note that Warner's board still regards the $83 billion deal from Netflix (NFLX) as a superior offer, despite the fact that it is fully $25 billion less than what Paramount is offering. While it is important to note that Warner has not made a final decision yet, the news certainly does not bode well for Paramount's chances right now.</p>
<div class="lb-trans"><p>报道称，华纳的董事会仍然认为来自奈飞（Netflix，NFLX）的 830 亿美元交易是更优的报价，尽管这比派拉蒙的报价低了 250 亿美元。虽然需要注意的是，华纳尚未做出最终决定，但这一消息无疑对派拉蒙目前的机会不利。</p>
</div><p>Paramount seems to be willing to change regardless; if Warner were willing to show &#34;goodwill,&#34; reports noted, Paramount was actually prepared to up its price again. And Paramount is also taking its case directly to the shareholders as well, giving shareholders until January 21 to sell direct to Paramount. Though given the previous deadline of January 8, that represents a significant extension. Paramount certainly seems interested in giving shareholders every opportunity to sell out.</p>
<div class="lb-trans"><p>派拉蒙似乎愿意做出改变；如果华纳愿意表现出 “善意”，报道称，派拉蒙实际上准备再次提高报价。派拉蒙还直接向股东提出了诉求，给予股东直到 1 月 21 日的时间直接向派拉蒙出售。尽管考虑到之前的截止日期是 1 月 8 日，这代表了一个显著的延长。派拉蒙显然希望给股东提供每一个机会来出售。</p>
</div><h2><strong>Distribution Deal</strong></h2>
<div class="lb-trans"><h2><strong>分销协议</strong></h2>
</div><p>Warner also managed to secure a little more value for its eventual buyer too, setting up a new multi-year distribution deal with Canal+. The deal has wide-ranging effects, bringing HBO Max to Belgium and Austria, as well as offering 12 different Warner channels throughout Africa.</p>
<div class="lb-trans"><p>华纳还成功为其最终买家争取到了更多的价值，与 Canal+ 签订了一项新的多年分销协议。该协议具有广泛的影响，将 HBO Max 引入比利时和奥地利，并在整个非洲提供 12 个不同的华纳频道。</p>
</div><p>Warner has been avidly pursuing international expansion for its HBO Max platform, and now can be found in over 100 different markets worldwide. More expansions are planned for 2026, including into Ireland, Italy and Germany, as well as in the United Kingdom. Warner hopes to count over 150 million subscribers to its roster before 2026 ends, which will likely be before it is sold either way.</p>
<div class="lb-trans"><p>华纳一直在积极追求其 HBO Max 平台的国际扩张，现在已在全球 100 多个市场上线。计划在 2026 年进行更多扩展，包括进入爱尔兰、意大利和德国，以及英国。华纳希望在 2026 年结束之前，其订阅用户超过 1.5 亿，这可能会在其被出售之前实现。</p>
</div><h2><strong>Is WBD Stock a Good Buy?</strong></h2>
<div class="lb-trans"><h2><strong>WBD 股票值得购买吗？</strong></h2>
</div><p>Turning to Wall Street, analysts have a Moderate Buy consensus rating on WBD stock based on eight Buys and 10 Holds assigned in the past three months, as indicated by the graphic below. After a 171.48% rally in its share price over the past year, the average WBD price target of $24.20 per share implies 16.1% downside risk.</p>
<div class="lb-trans"><p>转向华尔街，分析师对 WBD 股票的共识评级为适度买入，过去三个月内有八个买入和 10 个持有，具体如下面的图表所示。在过去一年中，WBD 股价上涨了 171.48%，其平均目标价为每股 24.20 美元，意味着有 16.1% 的下行风险。</p>
</div>

派拉蒙的敌意收购提议将遭到拒绝：华纳兄弟探索公司股票（NASDAQ:WBD）下跌