Gary Black Says Netflix Will Emerge As 'Victor' In Warner Bros. Takeover Bid, Sees Stock Rebound To $100 Even If Paramount Wins

Analyst Gary Black believes Netflix Inc. (NASDAQ:NFLX) holds the upper hand in the escalating takeover battle for Warner Bros. Discovery (NASDAQ:WBD), arguing that the streaming giant's stronger strategic synergies position it to ultimately prevail over rival bidder 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 ...