Should You Sell Netflix Stock Before It Wins the Warner Bros Takeover?

Netflix (NFLX) shocked the entertainment industry and the stock market with its blockbuster bid to acquire Warner Bros. Discovery’s (WBD) premium assets, including the iconic Warner Bros. studios, HBO, HBO Max, and a vast library of franchises like Harry Potter, DC Universe, and Game of Thrones. Announced on Dec. 5, the deal values the assets at approximately $72 billion in equity (with an enterprise value of $82.7 billion), structured as a mix of cash and stock. The move follows a competitive bidding pro ...