THE BIDDING WAR FOR WBD IS OVER. WE'RE CLOSING THE POSITION WITH A RECORD PROFIT OF 180 MILLION CZECH CROWNS!

After several months of competition (a so-called “bidding war”) for the Warner Bros. Discovery (WBD) media group, we now know the winner. Streaming giant Netflix is acquiring the Streaming & Studios division for $82.7 billion. This concludes a phase that was intended to be a significant catalyst for “unlocking value” at WBD following the planned spin-off of the streaming and studio divisions.

We’re saying goodbye to WBD in style

WBD has been one of the fund’s most significant holdings for the past three years. Today, we are pleased to announce that we have sold the final portion of the position, and the entire STARTEEPO group (both sub-funds + proprietary portfolio) has realized a total gross profit of approximately $7.3 million, or CZK 180 million. This marks our most profitable transaction to date.

For comparison, the second most profitable position, KARO Leather, currently yields approximately CZK 142 million, and the third most profitable position, Western Digital, was exited with a profit of approximately CZK 50 million. In the context of the total size of STARTEEPO’s investment portfolio, WBD is thus a massive nominal success.

Thank you all for your patience

Historically, the WBD position was in the red by nearly CZK 65 million during the so-called accumulation phase, which negatively impacted the performance of our sub-funds. We therefore thank all investors for their patience, which ultimately bore the expected fruit.

Currently, we have two wild cards in the portfolios of both our sub-funds, to which approximately 46% of the investment assets are allocated, and we firmly believe that we will be able to repeat and likely even surpass our success with WBD.

We therefore look forward to further successes together and thank you for your trust.

The STARTEEPO Team Disclaimer

The information contained in this article was prepared by STARTEEPO s.r.o., with its registered office at Plynarni 1617/10, Prague (“the Company”), which is the 100% shareholder of STARTEEPO Invest, investiční fond s proměnným základním kapitálem, a.s. The Company draws information from reliable sources and has exercised reasonable care to ensure that the information is not false or misleading; however, it does not guarantee its accuracy in any way. This material is intended solely for promotional purposes and does not replace the fund’s prospectus. It is intended as preliminary information and does not replace professional advice on financial investments or comprehensive risk disclosure. The information provided herein does not constitute an offer or solicitation to buy or sell financial instruments. Investment decisions may only be made based on the current version of the fund’s articles of association. Past performance is no guarantee of future results. This document has been prepared with due care and attention; however, the company makes no guarantees regarding its accuracy, correctness, timeliness, or completeness. The content of this document is protected under copyright law; the company is the copyright holder. The Company is not liable for the dissemination or publication of information by third parties.