Netflix didn't seem to convince investors that the WBD acquisition is a smart move on the earnings call. While WBD has attractive assets, there is a clear risk of overpaying.
Netflix's senior management team continued to campaign Tuesday for their pending $82.7 billion acquisition of Warner Bros., billing it as a “tremendous opportunity.
Netflix has boosted its offer for media giant Warner Bros Discovery (WBD) as it seeks to fend off a hostile takeover from entertainment conglomerate Paramount.
Netflix Inc (NASDAQ:NFLX, XETRA:NFC) and Warner Bros. Discovery Inc (NASDAQ:WBD, XETRA:J5A) announced Tuesday that they have amended their definitive agreement for Netflix's pending acquisition of Warner Bros.
Netflix will report fourth-quarter earnings after the close of trading Tuesday, with Wall Street's focus on the results magnified by the streaming giant's pursuit of Warner Bros. Ahead of the earnings release, Netflix shifted its $82.7 billion offer for the streaming and studios division of Warner Bros. Discovery to all-cash.
In an effort to sweeten the pot for Warner Bros. Discovery (WBD) shareholders, Netflix is now offering cash for shares of the company, revising the cash-and-stock deal it had struck with WBD's board earlier.
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