Netflix submitted an amended all-cash offer for Warner Bros Discovery's studio and streaming businesses, winning the unanimous support from the HBO owner's board without increasing the $82.7 billion purchase price, according to a regulatory filing on Tuesday.
While investors don't seem to happy that Netflix CEO Ted Sarandos has moved to acquire Warner Bros. Discovery, analysts say Netflix's business fundamentals remain strong and are predicting strong ad growth ahead.
While near-term revenue and margin trends will set the immediate tone, Netflix's earnings call is likely to have a much broader impact on market sentiment.
U.S. President Donald Trump purchased about $100 million in municipal and corporate bonds from mid-November to late December, his latest disclosures showed, including up to $2 million in Netflix and Warner Bros Discovery bonds just weeks after the companies announced their merger.
RedBird's Gerry Cardinale will tell anyone who will listen why the hostile $77.9 billion bid is superior
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