Gary Black Says Netflix Will Emerge As 'Victor' In Warner Bros. Takeover Bid, Sees Stock Rebound To $100 Even If Paramount Wins - Netflix (NASDAQ:NFLX), Paramount Skydance (NASDAQ:PSKY)

On Tuesday, Black wrote on X that he expects Netflix to "emerge as victor" in the contest. However, he added that even in a scenario where Paramount succeeds in clinching the deal, Netflix shares could rebound toward the $100, a level last seen on December 5. On the same day, Netflix agreed to acquire the Warner Bros. studio assets and HBO Max from Warner Bros. Discovery for $27.75 per share, contingent on the company's planned spin-off of its cable networks.This offer can be matched by Netflix under the te ...