This is a pretty wild development given now Netflix CEO Ted Sarandos came to the White House today to discuss the deal and already working to get regulatory approval. Netflix did not budge from its initial offer of $27.50 a share and Paramount's new $31 per share in cash is the winner.
Netflix stock spiked 10% in extended trading Thursday, while Paramount stock gained 5%. Shares of Warner Bros. Discovery fell 2%.
Interesting. So the market didn't like the acquisition for Netflix, then?
If I were a Warner employee, I'd much rather get acquired than Netflix than by Paramount.
As someone who as all three streaming services I just want someone to get bought to start combining all these things… it’s stupid I have to have so many.
I miss when Netflix was a mail order DVD business and had everything in their library
Susan Rice killed the deal for Netflix
She needs to be surveilled 24 hours and audited
Agreed
Quick reminder: the best deal isn’t always the first offer. Paramount just proved that in front of the regulators and Wall Street.
There should be a Netflix drama or documentary about Netflix trying to buy WB