Netflix Addresses WB Takeover Concerns in Employee Memo [Yahoo! Finance]
Netflix, Inc. (NFLX)
Last netflix, inc. earnings: 4/21 04:00 pm
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Source: Yahoo! Finance
At a time when streaming services are consolidating content across apps to make more money, Netflix is preparing for what could be an industry-changing merger and takeover. The streaming video giant appears poised to complete an $82.7 billion offer to buy Warner Bros. Studios, HBO and HBO Max . The deal still needs to clear a few more hurdles before it's official, but higher-ups at Netflix seem to believe that it will only be a matter of time. According to Variety, Netflix co-CEOs Ted Sarandos and Greg Peters sent a memo to employees in an effort to defend the deal and quell concerns about its potential harm to the film and television industries. "We have a solid deal in place. It's great for our shareholders, great for consumers, and a strong way to create and protect jobs in the industry," Sarandos and Peters said in the memo, which was disclosed as part of an SEC filing on Monday. "We're confident we'll get it over the finish line — and we're genuinely excited about what's
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- Warner Bros. is blockbuster finale to $4.5 trillion M&A haul [Fortune]Fortune
- MIKE DAVIS: The rules governing local TV are older than the internet. That's insane [FOX News]FOX News
- The Best Christmas Movies to Watch on Netflix That Aren't Holiday Rom-Coms [CNET News]CNET News
- Netflix to Announce Fourth Quarter 2025 Financial ResultsPR Newswire
- Netflix responds to concerns about WBD deal [Yahoo! Finance]Yahoo! Finance
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- NFLX's page on the SEC website