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Warner Bros to reject $108bn Paramount bid, reports say [Yahoo! Finance]

Netflix, Inc. (NFLX)  More Company Research Source: Yahoo! Finance
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Paramount has said its offer is "superior" to a $72bn deal that Warner Bros struck with Netflix for its film and streaming businesses. At the same time, a key backer of Paramount's attempt to buy Warner Bros, Affinity Partners, has reportedly pulled out of the bid, citing the involvement of "two strong competitors". Affinity was founded by US businessman and President Donald Trump's son-in-law Jared Kushner. Warner Bros declined to comment when contacted by the BBC. Paramount and Affinity have also been asked for a response to the reports. Warner Bros will advise its shareholders to reject Paramount's offer for a number of reasons including concerns over how the deal would be financed, according to the Financial Times. The media giant put itself up for sale in October after receiving "multiple" expressions of interest from potential buyers, including approaches from Paramount Skydance. On 5 December, Warner Bros Discovery said it had agreed to sell its film and streaming bu [Read more]
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Stockreport

Warner Bros to reject $108bn Paramount bid, reports say [Yahoo! Finance]

Netflix, Inc.  (NFLX) 
More Company Research Source: Yahoo! Finance
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Paramount has said its offer is "superior" to a $72bn deal that Warner Bros struck with Netflix for its film and streaming businesses. At the same time, a key backer of Paramount's attempt to buy Warner Bros, Affinity Partners, has reportedly pulled out of the bid, citing the involvement of "two strong competitors". Affinity was founded by US businessman and President Donald Trump's son-in-law Jared Kushner. Warner Bros declined to comment when contacted by the BBC. Paramount and Affinity have also been asked for a response to the reports. Warner Bros will advise its shareholders to reject Paramount's offer for a number of reasons including concerns over how the deal would be financed, according to the Financial Times. The media giant put itself up for sale in October after receiving "multiple" expressions of interest from potential buyers, including approaches from Paramount Skydance. On 5 December, Warner Bros Discovery said it had agreed to sell its film and streaming bu [Read more]
IMPACT SNAPSHOT
EVENT TIME:
NFLX
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Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS