康卡斯特(CMCSA.US)竞购华纳(WBD.US)方案曝光：现金加股权组合报价自身权益估值达810亿美元

智通财经2025-12-18

智通财经APP获悉，据华纳兄弟探索公司(WBD.US)的一份文件披露，康卡斯特(CMCSA.US)提议将其NBC环球(NBCUniversal) 业务与华纳兄弟探索合并，该提议对这家有线电视巨头在合并后业务中的权益估值高达810亿美元。这份于周三发布的文件提及了一家被称为“A公司”的竞标方，知情人士确认其为康卡斯特。文件显示，该公司的合并提议对华纳兄弟探索的流媒体和影视资产估值为每股35.43美元...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2592505923?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2025-12-18 10:23","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2592505923","market":"sh","top_or_hot":-1,"title":"康卡斯特(CMCSA.US)竞购华纳(WBD.US)方案曝光：现金加股权组合报价 自身权益估值达810亿美元","media":"智通财经","content":"<div>\n<p>智通财经APP获悉，据华纳兄弟探索公司(WBD.US)的一份文件披露，康卡斯特(CMCSA.US)提议将其NBC环球(NBCUniversal) 业务与华纳兄弟探索合并，该提议对这家有线电视巨头在合并后业务中的权益估值高达810亿美元。这份于周三发布的文件提及了一家被称为“A公司”的竞标方，知情人士确认其为康卡斯特。文件显示，该公司的合并提议对华纳兄弟探索的流媒体和影视资产估值为每股35.43美元...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1382936.html\">网页链接</a>\n\n</div>\n","source":"stock_zhitongcaijing","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>康卡斯特(CMCSA.US)竞购华纳(WBD.US)方案曝光：现金加股权组合报价 自身权益估值达810亿美元</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n康卡斯特(CMCSA.US)竞购华纳(WBD.US)方案曝光：现金加股权组合报价 自身权益估值达810亿美元\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-18 10:23 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/1382936.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，据华纳兄弟探索公司(WBD.US)的一份文件披露，康卡斯特(CMCSA.US)提议将其NBC环球(NBCUniversal) 业务与华纳兄弟探索合并，该提议对这家有线电视巨头在合并后业务中的权益估值高达810亿美元。这份于周三发布的文件提及了一家被称为“A公司”的竞标方，知情人士确认其为康卡斯特。文件显示，该公司的合并提议对华纳兄弟探索的流媒体和影视资产估值为每股35.43美元...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1382936.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1059921491.USD","symbol_name":"NORDEA 1 GLOBAL STABLE EQUITY \"HB\" (USDHDG) ACC","start_time":0,"source_url":"http://www.zhitongcaijing.com/content/detail/1382936.html","article_id":"2592505923","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2592505923","pubTimestamp":1766024619,"columns":[],"sourceInfo":{"source_id":"stock_zhitongcaijing","name":"智通财经网"},"weMediaInfo":null,"summary":"智通财经APP获悉，据华纳兄弟探索公司的一份文件披露，康卡斯特提议将其NBC环球 业务与华纳兄弟探索合并，该提议对这家有线电视巨头在合并后业务中的权益估值高达810亿美元。康卡斯特将在新业务中持有51%的股权。总部位于费城的有线电视和宽带提供商康卡斯特，其整体股票市值约为1110亿美元。","collect":0,"end_time":0,"defaultTopTitle":"zhitongcaijing.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"LU1059921491.USD":"NORDEA 1 GLOBAL STABLE EQUITY \"HB\" (USDHDG) ACC","CMCSA":"康卡斯特","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","BK4566":"资本集团","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","LU1150488218.USD":"First Eagle Amundi Income Builder AU2-MD USD","BK4534":"瑞士信贷持仓","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4108":"电影和娱乐","BK4588":"碎股","BK4550":"红杉资本持仓","BK4507":"流媒体概念","WBD":"WARNER BROS DISCOVERY INC","LU1150488135.SGD":"First Eagle Amundi Income Builder AHS-MD SGD-H","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4100":"有线和卫星","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","BK4598":"佩洛西持仓","LU0985489474.SGD":"First Eagle Amundi International AHS-C SGD-H","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","LU1489326972.SGD":"First Eagle Amundi International AHS-MD SGD-H","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU0878866978.SGD":"First Eagle Amundi International AHS-QD SGD-H","BK4581":"高盛持仓","BK4125":"广播","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","LU0433182093.SGD":"First Eagle Amundi International AS-C SGD","BK4585":"ETF&股票定投概念"},"translate_title":"Comcast's (CMCSA.US) bid for Warner (WBD.US) plan exposed: cash plus equity combination quotes its own equity valuation at US $81 billion","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WBD":1.5,"CMCSA":1.5},"content_text":"智通财经APP获悉，据华纳兄弟探索公司(WBD.US)的一份文件披露，康卡斯特(CMCSA.US)提议将其NBC环球(NBCUniversal) 业务与华纳兄弟探索合并，该提议对这家有线电视巨头在合并后业务中的权益估值高达810亿美元。这份于周三发布的文件提及了一家被称为“A公司”的竞标方，知情人士确认其为康卡斯特。文件显示，该公司的合并提议对华纳兄弟探索的流媒体和影视资产估值为每股35.43美元。该出价由每股5.25美元的现金，以及华纳兄弟探索股东在新实体中持有的49%股权构成，该新实体将包含两家公司的资产。知情人士表示，康卡斯特认为，通过削减成本和把握增长机遇，将其娱乐资产与华纳兄弟探索的资产合并，将创造出一个比两家公司独立运营更具价值的新实体。康卡斯特将在新业务中持有51%的股权。总部位于费城的有线电视和宽带提供商康卡斯特，其整体股票市值约为1110亿美元。两家公司均拒绝置评。文件同时指出，康卡斯特的出价不包括USA、CNBC和MS Now等有线电视网络，这些网络即将作为Versant Media Group分拆给股东。据了解，竞标方在计算中一直采用华纳兄弟探索的总股本为25.9亿股。本月早些时候，康卡斯特总裁Mike Cavanagh在瑞银举办的投资者会议上曾透露，公司的收购方案核心是将NBC环球旗下的媒体、主题公园及影视制作业务，与华纳兄弟探索的影视工作室及流媒体部门进行整合。Cavanagh表示，就所提供的现金而言，康卡斯特的出价“相较于其他提案偏低”，“但我们确实提供了合并后娱乐公司的相当大一部分股权，”他补充道。值得一提的是，华纳兄弟探索已接受奈飞(NFLX.US)提出的每股27.75美元的现金加股票收购要约，并计划在该交易完成前，将旗下有线电视网股份单独拆分并分配给现有股东。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2592505923","isCrawlerRequest":true}

康卡斯特(CMCSA.US)竞购华纳(WBD.US)方案曝光：现金加股权组合报价 自身权益估值达810亿美元

精彩评论

康卡斯特(CMCSA.US)竞购华纳(WBD.US)方案曝光：现金加股权组合报价自身权益估值达810亿美元