Paramount Skydance , Comcast and Netflix are bidding to buy Warner Bros Discovery , Reuters reported on Thursday, but each company's bid faces its own political and regulatory risks.
Netflix shares jumped after its 10-for-1 stock split but sank after submitting a bid on Warner Bros. Discovery. YouTube has been winning the streaming war by gaining more viewers than Netflix and Disney+ combined. As YouTube gains share, Netflix is taking action as the TV market consolidates. Netflix's growth comes at a steep premium, and downward earnings revisions are on the rise.
Paramount Global (NASDAQ:PARA), Comcast Corporation (NASDAQ:CMCSA, XETRA:CTP2), and Netflix Inc (NASDAQ:NFLX, XETRA:NFC) have submitted nonbinding bids to acquire all or parts of Warner Bros Discovery Inc (NASDAQ:WBD, XETRA:J5A), according to people familiar with the matter. Paramount is seeking to acquire the entire company, including cable networks such as CNN, TBS, and HBO Max/Discovery+, al...
Paramount Skydance made another offer for Warner Bros. Discovery this week, while Netflix and Comcast bid on the company's studios and streaming assets, according to people familiar with the matter.
Stock splits typically garner a favorable reaction at the time of the initial announcement, rather than when the split takes effect. Netflix is still outperforming the Nasdaq Composite and S&P 500 year to date.
Warner Bros Discovery has received preliminary bids for the media company from Paramount Skydance , Comcast and Netflix , the New York Times reported on Thursday, citing sources familiar with the matter.
If the football games, boxing matches, and comedy specials weren't indication enough that Netflix is making a bold move for the live television market, here's another: Beginning in 2026, it will air live baseball for the first time.
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