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

Group 1 - Analyst Gary Black believes Netflix Inc. holds a strategic advantage in the takeover battle for Warner Bros. Discovery, positioning it to prevail over Paramount Skydance [1] - Black expects Netflix to emerge victorious in the contest, but notes that even if Paramount succeeds, Netflix shares could rebound towards $100, a level last seen on December 5 [2] - Warner Bros. Discovery has agreed to reopen takeover talks with Paramount Skydance, giving them a 7-day window to present their best and final offer [3] Group 2 - Paramount Skydance had previously made a higher informal offer of $31 per share, which appealed to the Warner Bros. board [3] - Netflix's stock has faced pressure during the bidding war, hitting a 52-week low of $75.23 on February 12, exacerbated by activist investor Ancora Holdings opposing Netflix's $82.7 billion bid [5] - Regulatory concerns have dampened investor sentiment, with the Justice Department reportedly investigating potential anticompetitive practices by Netflix [6]