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Warner Bros. Falls Below Netflix Offer as Bidding War Hopes Cool [Yahoo! Finance]
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Discovery Inc. is turning into a one horse race, with Netflix Inc. winning out over Paramount Skydance Corp. Shares of Warner Bros. fell 2.1% Thursday to close at $27.61, below the $27.75 a share offer in cash and stock that Netflix agreed to pay for the firm's studios, streaming and HBO businesses. The move lower comes after Warner Bros. advised its shareholders to reject Paramount's all-cash bid of $30 a share for the entire company, including its cable networks, like CNN and TNT. Most Read from Bloomberg Hudson Tunnel Digging Work to Start as Boring Machines Ready NYC High Line-Area Building Floats $53 Million Bankruptcy Sale How This Chameleon UK Location Became a Little-Known Hollywood Backdrop New York Says Cab, Rideshare Insurance Rates to Rise 25% NYC Must Spend $700 Million to Cut Class Sizes The stock had traded as high as $30 last week as investors bid up shares in hopes that Netflix and Paramount would both ultimately end up raising their offers for the com
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- Jake Paul vs Anthony Joshua weigh-in updates, highlights before Netflix fight [USA TODAY][USA TODAY]
- Warner Bros. Falls Below Netflix Offer as Bidding War Hopes Cool [Yahoo! Finance Canada][Yahoo! Finance Canada]
- You Should Be Taking Advantage of Verizon's Streaming Perks for Netflix, HBO Max and More [CNET News][CNET News]
- “SportsCenter” host Elle Duncan leaves ESPN for Netflix [Los Angeles Times (CA)][Los Angeles Times]
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