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Why Netflix's revised all-cash-bid for WBD might not be good for streaming giant's shareholders
New York Post· 2026-01-20 22:06
On Tuesday, not only did Netflix CEO Ted Sarandos need to shore-up his “winning bid” to purchase Warner Bros. Discovery; he also needed to convince his shareholders his months-long quest to nail down the deal is worth it after losing what is approaching a whopping $170 billion in his stock’s market value amid the drama, On The Money has learned.At least part of Tuesday’s earnings announcement, in which the company beat expectations, was designed to remind shareholders that the streaming giant is still a gia ...