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0.000727206617580204 0.000909008271975223 0.00136351240796283 0.00195436778474687 -0.00127261158076539 0.00581765294064176 0.0054540496318516 0.0054540496318516
Stock impact report

Netflix amends Warner Bros. deal to all cash in bidding war [Los Angeles Times (CA)]

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
Netflix, which previously agreed to pay $27.75 a share in cash and stock for the Warner assets, will pay the full amount in cash, according to a filing confirming an earlier Bloomberg News report on the revised terms. Warner Bros. plans to call a special meeting of shareholders to approve the deal. Netflix said stockholders should be able to vote on the transaction by April. The changes are designed to expedite a sale and address claims by Paramount that its $30-a-share cash tender offer — for all of Warner, including cable channels like CNN and TNT — is superior. Paramount, the parent of CBS and MTV, has been urging investors to tender their shares. The battle for Warner Bros., known for films from Casablanca to Batman, is one of the biggest media deals in years and has the power to reshape the entertainment industry. Paramount has been aggressively pursuing Warner Bros. since September, while streaming leader Netflix emerged as a surprise suitor, entering the chase after Warner Show less Read more
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