Netflix made a compelling offer. It was heavy in cash, certainty of close, um a high termination fee. It had all and they responded to the to the operating issues that we were concerned about. Uh Peace Guy had every opportunity to deal with that broad range of issues and they chose not to.It was really, David, it wasn't really a hard choice. >> It wasn't a hard choice. No, >> not at the end.It was not a hard choice. ...

Warner Bros. Discovery’s (WBD) board of directors has rejected the $108 billion hostile takeover bid from David Ellison’s Paramount Skydance, calling the offer “illusory,” and saying that Paramount had misled shareholders about its financing. Saying it wants to honor its initial agreement to sell to Netflix, WBD’s board wrote in a letter to shareholders that Paramount “has consistently misled WBD shareholders that its proposed transaction has a ‘full backstop’ from the Ellison family.” “It does not, an ...

In Brief Warner Bros. Discovery’s (WBD) board of directors has rejected the $108 billion hostile takeover bid from David Ellison’s Paramount Skydance, calling the offer “illusory,” and saying that Paramount had misled shareholders about its financing.Saying it wants to honor its initial agreement to sell to Netflix, WBD’s board wrote in a letter to shareholders that Paramount “has consistently misled WBD shareholders that its proposed transaction has a ‘full backstop’ from the Ellison family.” “It does no ...

Core Viewpoint - Netflix is currently trading at premium multiples compared to its peers and the broader market, raising concerns about its valuation amidst a proposed acquisition of Warner Bros. assets [1][2][19]. Company Overview - Founded in 1997, Netflix is a global entertainment company providing TV series, films, documentaries, and games in over 190 countries [3]. - The company is transitioning from dominating streaming to expanding its growth through the Warner Bros. acquisition, which aims to enhance premium content and theatrical releases [3][5]. Financial Performance - Netflix's market cap is approximately $430 billion, with its share price increasing about 8% year-to-date, despite a 20% decline since June due to valuation concerns [2]. - In Q3 2025, Netflix reported paid streaming revenue of $11.51 billion, a 17% year-over-year increase, and operating income of $3.25 billion, up 12% YoY [10][11]. - Free cash flow rose to $2.66 billion, a 21% increase, with the company holding about $9.29 billion in cash against $14.5 billion in gross debt [12]. Acquisition Details - Netflix has agreed to acquire Warner Bros. Discovery's studios and HBO assets for approximately $83 billion, offering about $27.75 per share [7]. - The acquisition is framed as a growth strategy to enhance Netflix's content library and global reach, although it raises regulatory and integration risks [9][19]. Market Sentiment - Wall Street analysts maintain a cautiously optimistic view on NFLX stock, with several firms raising their price targets due to Netflix's growth momentum and strong fundamentals [15][17]. - The consensus rating for NFLX is "Moderate Buy," with an average 12-month price target of $129.37, indicating a potential upside of 34% [18].

This is breaking news. We just learned that Warner Brothers Discovery is recommending its shareholders reject Paramount's hostile takeover bid. WBD is arguing that its plan to sell most of the media company to Netflix is a better move for its shareholders.Netflix also speaking out, welcoming this decision, saying it's a this deal is a quote superior alternative for WBD stockholders. ...

Core Viewpoint - Warner Bros. Discovery's board of directors strongly recommends shareholders reject Paramount Skydance's hostile takeover bid, citing significant risks and costs associated with the offer [1] Group 1: Warner Bros. Discovery's Position - The board determined that Paramount Skydance's tender offer is not in the best interests of the company or its shareholders, continuing to support the merger with Netflix [1][3] - Warner Bros. Discovery agreed to sell its film and television studios and HBO Max to Netflix for a cash-and-stock deal valued at $27.75 per share, totaling an equity value of $72 billion [2] - The board argues that Paramount's offer of $30.00 per share does not qualify as a "Superior Proposal" compared to the Netflix merger agreement [3] Group 2: Concerns About Paramount's Offer - The board stated that Paramount's offer provides inadequate value and imposes numerous significant risks and costs [5] - The board criticized Paramount's claim of having a "full backstop" from the Ellison family for financing, asserting that this commitment has never been made [5][6] - The board emphasized that the Ellison family has not guaranteed the necessary funding for Paramount's proposal, undermining its viability [8] Group 3: Comparison with Netflix Deal - The merger with Netflix is described as a binding agreement with enforceable commitments, requiring no equity financing and backed by a public company with a market cap exceeding $400 billion [9] - The Netflix deal is expected to enhance U.S. production capacity and increase investment in original content, which will create jobs and strengthen the entertainment industry [12] - The deal could face regulatory scrutiny, with concerns raised by lawmakers about potential content and distribution control by Netflix [13][14]

Group 1 - The core point of the article is that Netflix is expanding its gaming portfolio by adding a soccer simulation title, aiming to capitalize on the FIFA World Cup 2026 to enhance its video game offerings [1] Group 2 - The addition of the soccer simulation game is part of Netflix's strategy to deepen its engagement in the gaming sector [1]

华纳兄弟探索公司正建议其股东拒绝派拉蒙天舞公司(PSKY.US)的敌意收购要约，转而支持其与奈飞的 原定协议，并认为派拉蒙的报价"更低劣"且"不充分"。 周三，奈飞(NFLX.US)涨2%，报96.47美元。据报道，奈飞计划在12至18个月内完成华纳兄弟探索公司 (WBD.US)交易，已提交与交易相关的HSR申报文件。奈飞周三上午致信华纳兄弟股东，重申其要约更 优，并敦促他们批准该协议。奈飞联合首席执行官泰德.萨兰多斯写道："华纳兄弟探索董事会再次确 认，奈飞的合并协议更优，我们的收购最符合股东利益。" ...

智通财经APP获悉，周三，奈飞(NFLX.US)涨2%，报96.47美元。据报道，奈飞计划在12至18个月内完 成华纳兄弟探索公司(WBD.US)交易，已提交与交易相关的HSR申报文件。奈飞周三上午致信华纳兄弟 股东，重申其要约更优，并敦促他们批准该协议。奈飞联合首席执行官泰德·萨兰多斯写道："华纳兄弟 探索董事会再次确认，奈飞的合并协议更优，我们的收购最符合股东利益。" 华纳兄弟探索公司正建议其股东拒绝派拉蒙天舞公司(PSKY.US)的敌意收购要约，转而支持其与奈飞的 原定协议，并认为派拉蒙的报价"更低劣"且"不充分"。 ...

Group 1 - Warner Bros. Discovery (WBD) shares fell by 0.8% on Wednesday morning [1][2] - The WBD board urged shareholders to reject the hostile takeover bid from Paramount Sky Dance (PSKY) at $30 per share, valuing the equity at approximately $108.4 billion, citing financing risks [1][2] - The WBD board reaffirmed its support for the cash and stock deal with Netflix (NFLX) regarding WBD's streaming and film production assets, with an equity value of about $72 billion and an enterprise value of approximately $83 billion [1][2]