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Netflix's $82.7 billion deal to buy parts of Warner Brothers Discovery could sink $NFLX by 2030. But shares could pop 125% if Netflix achieves its deal goals.
Stock futures are slightly higher as investors await key inflation data, while Netflix has reached a deal to acquire Warner Bros. Discovery. Here's what investors need to know today.
Warner Bros. Discovery has surged 129.6% YTD amid a high-stakes bidding war involving Netflix, Comcast, and Paramount Skydance. WBD's streaming segment, led by HBO Max, is the core asset driving suitor interest, while its Global Linear Networks segment continues to decline.
NEW YORK] Netflix’s US$72 billion acquisition of Warner Bros Discovery is a coup for stockholders, whose shares are being bought for more than triple what they were worth as recently as April. Read more at The Business Times.
Warner Bros. Discovery is reassuring president and CEO David Zaslav and other top execs that they will be able to retain their stock options even if the company is sold. WBD last month announced that it had received in-bound acquisition interest from ...