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Warner Bros. Board Poised to Back Netflix as Paramount's $108 Billion Bid Falters [Yahoo! Finance]
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Skydance's $108.4 billion takeover bid and instead back Netflix's competing offer, according to people familiar with the matter. Warning! GuruFocus has detected 10 Warning Signs with WBD. Is WBD fairly valued? Test your thesis with our free DCF calculator. Sources said the company's board could announce its decision as early as Wednesday, marking a key turning point in a high-stakes bidding war over one of the entertainment industry's most valuable content libraries. That library spans classic films such as Casablanca and Citizen Kane, alongside modern franchises including Harry Potter, Friends and HBO's original programming. Netflix earlier this month emerged as the frontrunner with a $72 billion proposal for Warner Bros.' non-cable assets, giving it access to a deep catalog that could strengthen its position in the streaming wars. Paramount's counteroffer followed soon after, with CEO David Ellison taking his $30-a-share, all-cash bid directly to shareholders. Paramount ha
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