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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.
Netflix announced on Dec. 5 that it has agreed to buy Warner Bros. Discovery in a nearly $83 billion deal that includes the film and TV studio assets of Warner Bros., plus HBO Max and HBO. Warner Bros. plans to spin off its cable networks business to shareholders before the deal closes. Netflix expects the deal to close in 12 to 18 months.
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 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 ...
Netflix co-CEOs Greg Peters and Ted Sarandos sought in a letter to tamp down concerns that the streaming giant is not committed to the movie business.