According to @garyblack00, Paramount has launched a hostile $30 per share all-cash offer for all of WBD, which he says would face fewer regulatory issues than NFLX’s $27.75 per share bid comprised of $23.25 cash and $4.50 in NFLX stock, with the Ellison-backed PSKY proposal offering $18 billion more in cash, likely closing faster, and covering all of WBD including the global networks being spun off while the NFLX offer imputes $3 per share to that spinoff; source: Gary Black on X, Paramount investor relations ir.paramount.com/node/72176/pdf. He adds that this competitive pressure could push NFLX to raise its offer for WBD, and the source cites no direct cryptocurrency market impact; source: Gary Black on X.

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 @ReutersBiz, BBVA CEO Onur Genc said the bank has $9.4 billion in capital ready to fund a mandatory cash offer for Banco Sabadell if its hostile offer fails to secure sufficient shareholder acceptance, source: Reuters Business, Oct 6, 2025, https://reut.rs/46RGahL. @ReutersBiz reports this confirms BBVA’s capacity to proceed on a cash-bid path, providing a concrete financing figure that equity desks can use to benchmark deal scenarios and price risk in BBVA and Sabadell shares, source: Reuters Business, Oct 6, 2025, https://reut.rs/46RGahL. @ReutersBiz does not reference any direct crypto market impact or changes to digital-asset services, indicating the immediate implications are centered on European bank equities rather than crypto, source: Reuters Business, Oct 6, 2025, https://reut.rs/46RGahL.