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07:38

Netflix will not buy Warner the stock will increase by 15%

Paramount Wins WBD! Netflix +7%: Can it Reclaim $90?
Netflix said it will not raise its offer for Warner Bros. Discovery after the board deemed Paramount Skydance’s revised $31.00 per share all-cash bid “superior,” valuing the company at around $108 billion. Netflix shares surged 9% after announcing it would step away, saying a higher price was no longer financially attractive. The company also stated it plans to invest about $20 billion in films and series this year and resume share repurchases. Did Netflix make the right call by walking away? Does Paramount’s higher bid reshape the media landscape?
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