Netflix stock rises as Paramount lawsuit turns up heat on Warner deal, HSBC starts with Buy

Netflix shares ticked up Monday, even as Paramount Skydance ramped up its opposition to Netflix’s bid for major Warner Bros. Discovery assets, injecting fresh doubt into the deal’s outlook.

NASDAQ:NFLX

Netflix (NFLX) news archive — page 10

← Back to the main company hub
Paramount takes Netflix-Warner deal fight to Congress as takeover battle turns political

Paramount takes Netflix-Warner deal fight to Congress as takeover battle turns political

Paramount has urged U.S. lawmakers to take a hard look at Netflix’s proposed acquisition of key Warner Bros Discovery assets. In a written filing, the company labeled the deal “presumptively unlawful.” Paramount also dismissed claims that free video platforms can compete with paid streaming as “psychedelic antitrust,” arguing there’s “no ground in market or legal reality” for such comparisons.
Netflix stock slips as Paramount challenges Warner deal; CPI and earnings are next

Netflix stock slips as Paramount challenges Warner deal; CPI and earnings are next

Paramount Skydance on Thursday reiterated that its $108.4 billion, $30-a-share bid for Warner Bros. Discovery trumped Netflix’s $27.75-a-share cash-and-stock deal for WBD’s studios and streaming assets. Netflix shares closed down 1.2% on Friday at $89.46. “But Paramount has a point - fading TV networks aren't appealing to most investors,” Ross Benes, a senior analyst at eMarketer, said.
Netflix stock slips as Paramount presses Warner bid; NFLX earnings loom

Netflix stock slips as Paramount presses Warner bid; NFLX earnings loom

Netflix stock was down 0.4% at $90.34 on Thursday, slipping as Paramount Skydance renewed its push to buy Warner Bros Discovery and took fresh aim at the structure of Netflix’s agreed deal for Warner’s studios and streaming assets. Paramount reiterated its $30-per-share all-cash offer and said the cable-network spin-off central to Netflix’s proposal was effectively worth less than nothing; Paramount’s tender offer expires on Jan. 21. Reuters
Netflix stock steadies after Warner board rejects Paramount bid again, earnings next

Netflix stock steadies after Warner board rejects Paramount bid again, earnings next

Netflix shares were up 0.1% at $90.73 in after-hours trading on Wednesday after Warner Bros. Discovery told shareholders to reject Paramount Skydance’s amended tender offer and stick with Netflix’s merger agreement. “Paramount’s offer continues to provide insufficient value,” Warner chair Samuel A. Di Piazza Jr. said. Netflix traded between $90.09 and $92.41 in the regular session; Warner Bros. Discovery was up 0.3% and Paramount Skydance fell 1.1%. Warner Bros. Discovery
Netflix stock dips after Warner rejects Paramount bid, with earnings two weeks away

Netflix stock dips after Warner rejects Paramount bid, with earnings two weeks away

Netflix shares slipped on Wednesday after Warner Bros Discovery urged shareholders to reject Paramount Skydance’s $30-per-share hostile bid and reaffirmed Netflix’s $27.75-a-share cash-and-stock agreement, valued at about $82.7 billion. Netflix was down 0.3% at $90.42, while Warner rose 0.2% and Paramount Skydance fell 0.5%. Warner said walking away from the Netflix deal would cost about $4.7 billion, and Netflix co-CEOs Ted Sarandos and Greg Peters called their offer the “superior proposal,” Reuters reported. Reuters
1 8 9 10 11 12 22