Warner Bros. bidding war
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Netflix calls the Warner Bros. deal a growth play, but rich valuation and execution risks will test whether NFLX can extend gains into 2026.
The news broke on Friday morning that Netflix had agreed to buy Warner Bros. Discovery in a move that will cost a reported $72 billion. There had been rumbles about the potential deal for weeks, and now this sets up for a battle of media giants to compete against Paramount, Walt Disney and more.
Paramount responded to the board's recommendation by again calling on shareholders to tender their shares, or sell them to Paramount, which had offered $30/share for all of Warner Bros. Discovery. It also said it was confident that its "fully financed" offer was superior and had a more certain path to completion.