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0.000726367126699109 -0.0116218740271869 0.000344505551520117 -0.000732593130642305 -0.00228494344713091 -0.00290546850679673 -9.54653937948218E-05 0.00269793504202558
Stock impact report

Warner Bros Discovery urges shareholders to reject Paramount's $108.4bn takeover bid [Yahoo! Finance]

Netflix, Inc. (NFLX) 
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Company Research Source: Yahoo! Finance
Related: Deal or no deal? The inside story of the battle for Warner Bros WBD agreed to sell its storied movie studios, HBO cable network and streaming service to Netflix in a $82.7bn deal earlier this month, setting the stage for a seismic shift in Hollywood's industrial landscape. But Paramount, which had privately bid for WBD before the Netflix deal was unveiled, swiftly countered with an all-cash offer and vowed to take it directly to shareholders. Unlike Netflix, Paramount – which is controlled by the billionaire Ellison family – bid for the entire company, which also includes the CNN news network. In a blunt letter to shareholders on Wednesday morning, WBD accused Paramount of having “consistently misled” investors by claiming its bid has a “full backstop” – a safety net to ensure it has sufficient funds – from the Ellisons. Paramount did not immediately respond to a request for comment. “Following a careful evaluation of Paramount's recently launched tender offer, the Show less Read more
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