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-0.00129926375054126 -0.00173235166738844 0.000433087916847188 0.000433087916847188 0.000433087916847188 0.000433087916847188 0.000433087916847188 0.000433087916847188
Stock impact report

Netflix revises deal for Warner Bros. Discovery as streaming giant prepares to report earnings [Yahoo! Finance]

Paramount Skydance Corporation - Class B (PSKY) 
Company Research Source: Yahoo! Finance
Discovery's streaming and studio assets, replacing the previous stock-and-cash agreement the two companies had reached last month. The new bid, which was reported last week as in the works , comes as the streaming giant was prepared to report its earnings Tuesday. Netflix's share price has been significantly down since the company's previous earnings report last fall, which showed slowing subscriber growth, and has only continued to tumble following the WBD merger announcement last month. Meanwhile, the sweetened offer from Netflix eliminates the $4.50 stock equity component, leaving the per-share offer at $27.75. This revision takes the concerns over the value of WBD's cable assets – which will be spun off into a separate company named Discovery Global – largely off the table. This move also likely places additional pressure on Paramount Skydance chief David Ellison, who is in the midst of a hostile takeover attempt of Warner after his all-cash offer of $30 per share, which wou Show less Read more
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