<p>因此，關於派拉蒙斯凱丹（Paramount Skydance，PSKY）可能會因這場收購風波起訴娛樂巨頭華納兄弟探索（Warner Bros. Discovery，WBD）的報道可能會持續到明年。最新的報道顯示，華納將拒絕派拉蒙的敵意報價，即使有拉里·埃裏森的個人支持。這一消息讓投資者感到不安，導致 2025 年交易結束時股價小幅下跌。</p>
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<p>報道稱，華納的董事會仍然認為來自奈飛（Netflix，NFLX）的 830 億美元交易是更優的報價，儘管這比派拉蒙的報價低了 250 億美元。雖然需要注意的是，華納尚未做出最終決定，但這一消息無疑對派拉蒙目前的機會不利。</p>
<p>派拉蒙似乎願意做出改變；如果華納願意表現出 “善意”，報道稱，派拉蒙實際上準備再次提高報價。派拉蒙還直接向股東提出了訴求，給予股東直到 1 月 21 日的時間直接向派拉蒙出售。儘管考慮到之前的截止日期是 1 月 8 日，這代表了一個顯著的延長。派拉蒙顯然希望給股東提供每一個機會來出售。</p>
<h2><strong>分銷協議</strong></h2>
<p>華納還成功為其最終買家爭取到了更多的價值，與 Canal+ 簽訂了一項新的多年分銷協議。該協議具有廣泛的影響，將 HBO Max 引入比利時和奧地利，並在整個非洲提供 12 個不同的華納頻道。</p>
<p>華納一直在積極追求其 HBO Max 平台的國際擴張，現在已在全球 100 多個市場上線。計劃在 2026 年進行更多擴展，包括進入愛爾蘭、意大利和德國，以及英國。華納希望在 2026 年結束之前，其訂閲用户超過 1.5 億，這可能會在其被出售之前實現。</p>
<h2><strong>WBD 股票值得購買嗎？</strong></h2>
<p>轉向華爾街，分析師對 WBD 股票的共識評級為適度買入，過去三個月內有八個買入和 10 個持有，具體如下面的圖表所示。在過去一年中，WBD 股價上漲了 171.48%，其平均目標價為每股 24.20 美元，意味着有 16.1% 的下行風險。</p>

<p>華納兄弟探索公司（WBD）預計將拒絕派拉蒙的敵意收購提議，儘管得到了拉里·埃裏森的支持。這一消息對 WBD 的股票產生了負面影響，股價在盤後交易中下滑。華納的董事會更傾向於接受來自 Netflix 的 830 億美元交易，而非派拉蒙的 1080 億美元提議。派拉蒙正在將股東直接向他們出售股份的截止日期延長至 1 月 21 日。與此同時，華納與 Canal+ 達成了分銷協議，擴大了 HBO Max 的國際覆蓋範圍。分析師對 WBD 股票維持中性買入評級，目標價格暗示潛在的下行風險</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，關於派拉蒙斯凱丹（Paramount Skydance，PSKY）可能會因這場收購風波起訴娛樂巨頭華納兄弟探索（Warner Bros. Discovery，WBD）的報道可能會持續到明年。最新的報道顯示，華納將拒絕派拉蒙的敵意報價，即使有拉里·埃裏森的個人支持。這一消息讓投資者感到不安，導致 2025 年交易結束時股價小幅下跌。</p>
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<div class="lb-trans"><h3>在這個假期季節享受 70% 的折扣 TipRanks</h3>
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<li>Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential</li>
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<li>通過最新的新聞和分析保持市場領先，最大化您的投資組合潛力</li>
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</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>報道稱，華納的董事會仍然認為來自奈飛（Netflix，NFLX）的 830 億美元交易是更優的報價，儘管這比派拉蒙的報價低了 250 億美元。雖然需要注意的是，華納尚未做出最終決定，但這一消息無疑對派拉蒙目前的機會不利。</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>派拉蒙似乎願意做出改變；如果華納願意表現出 “善意”，報道稱，派拉蒙實際上準備再次提高報價。派拉蒙還直接向股東提出了訴求，給予股東直到 1 月 21 日的時間直接向派拉蒙出售。儘管考慮到之前的截止日期是 1 月 8 日，這代表了一個顯著的延長。派拉蒙顯然希望給股東提供每一個機會來出售。</p>
</div><h2><strong>Distribution Deal</strong></h2>
<div class="lb-trans"><h2><strong>分銷協議</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>華納還成功為其最終買家爭取到了更多的價值，與 Canal+ 簽訂了一項新的多年分銷協議。該協議具有廣泛的影響，將 HBO Max 引入比利時和奧地利，並在整個非洲提供 12 個不同的華納頻道。</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>華納一直在積極追求其 HBO Max 平台的國際擴張，現在已在全球 100 多個市場上線。計劃在 2026 年進行更多擴展，包括進入愛爾蘭、意大利和德國，以及英國。華納希望在 2026 年結束之前，其訂閲用户超過 1.5 億，這可能會在其被出售之前實現。</p>
</div><h2><strong>Is WBD Stock a Good Buy?</strong></h2>
<div class="lb-trans"><h2><strong>WBD 股票值得購買嗎？</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>轉向華爾街，分析師對 WBD 股票的共識評級為適度買入，過去三個月內有八個買入和 10 個持有，具體如下面的圖表所示。在過去一年中，WBD 股價上漲了 171.48%，其平均目標價為每股 24.20 美元，意味着有 16.1% 的下行風險。</p>
</div>

派拉蒙的敵意收購提議將遭到拒絕：華納兄弟探索公司股票（NASDAQ:WBD）下跌