Netflix, Warner Bros. and For Sale
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Warner Bros. Discovery Rejected 3 Paramount Offers
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Warner Bros. Discovery (WBD) is attracting multiple suitors, including Comcast, Netflix, Apple, Amazon, and Paramount Skydance, amid strategic review and potential separation plans. WBD's stock reflects investor skepticism, balancing hopes of a bidding war-fueled upside with fears of a deal collapse and price drop.
Earlier, Warner Bros. turned down Paramout Skydance's bid as the offer of around $20 per share was considered too low
Netflix had another big quarter marred by a tax dispute, but the real question is whether it will buy Warner Bros. Discovery. The answer: probably no.
CEOs Ted Sarandos and Greg Peters talk media M&A as Warner Bros. Discovery put itself on in play. They look at everything, but don't need it.
Stocks traded mostly lower Tuesday with investors focused on the nearly one-fifth of the companies in the S&P 500 that are reporting quarterly earnings this week.These stocks were making moves Tuesday:Warner Bros.