Netflix CEOs defend Warner Bros. deal
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The fight between Netflix and Paramount over who will buy Warner Bros. is heating up. Here's what markets are thinking about the bidding war.
Warner Bros. has a history of disastrous mergers and acquisitions. Can they avoid another bad sequel as Netflix and Paramount battle to buy it?
Shares of Warner Bros., Netflix, and Paramount Skydance have been moving wildly.
A high-stakes bidding war heated up this week when Paramount made a hostile takeover bid for Warner Bros. Discovery, challenging a multibillion-dollar Netflix deal to buy the entertainment juggernaut.
Following the news that Paramount will pay $30 per share for Warner Bros. Discovery, WBD's stock jumped up 7% on Monday. Paramount also saw a boost with its stock rising by 1.9%. Netflix, which won the bidding war around WBD's assets last week,
Early trading suggests the cable-network spinoff is being valued conservatively, a signal that could matter in the Warner Bros. Discovery takeover battle.
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Warner Bros. investors are getting a big boost from the bidding war between Paramount and Netflix
Paramount launched a bid to acquire Warner Bros. Discovery on Monday, days after Netflix said it would buy the media giant in a $72 billion deal.
With Netflix and Paramount practically wrestling over who gets to paint their logo on the Warner Bros' water tower, shareholders are getting the best action sequence of all.
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David Zaslav Could Become a Billionaire if Warner Bros. Sells to Either Netflix or Paramount
David Zaslav, president and CEO of Warner Bros. Discovery, would be out of a job if a deal is completed with Netflix or Paramount Skydance. Softening the blow: Zaslav stands to get hundreds of millions of dollars in cash and/or stock if WBD completes a sale to either company,
A hostile bid from Paramount came after Netflix struck a deal with Warner Bros.
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