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0 -0.000494804552201852 0 -9.89609104402861E-05 -0.000486392874814422 9.89609104404267E-05 0.000494804552201993 -2.9688273131692E-06
Stock impact report

Netflix Weighs Amending Warner Bros. Bid to Make It All Cash [Yahoo! Finance Canada]

Oracle Corporation (ORCL) 
Last oracle corporation earnings: 3/12 04:02 pm Check Earnings Report
Netflix lined up $59 billion of financing from Wall Street banks to help support its acquisition, in the form of one of the largest ever bridge loans. They've already refinanced about $25 billion of that with some longer-term debt. Netflix has the financial capacity to borrow more and still maintain its “robust” credit ratings, Stephen Flynn, a senior credit analyst at Bloomberg Intelligence, said in a research note on Tuesday. “Netflix has a very strong balance sheet with modest net leverage,” he said. After choosing Netflix in early December, Warner Bros. has faced repeated efforts by Paramount to scuttle that deal and accept its offer. Paramount Chief Executive Officer David Ellison and his father, Oracle Corp. co-founder Larry Ellison, have launched a tender offer for Warner shares, extended a personal guarantee to $40.4 billion of funding and sued Warner Bros. for more details about their valuation of the Netflix transaction. They also plan to nominate directors to the Show less Read more
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