The transaction is officially dead, Paramount has won.
Netflix, Inc. today announced that it has declined to raise its offer for Warner Bros. Netflix had earlier received notice from Warner Bros. Discovery (WBD) that its Board of Directors has determined Paramount Skydance’s (PSKY) latest proposal constitutes a “Superior Proposal” under the terms of WBD’s existing merger agreement with Netflix.
“The transaction we negotiated would have created shareholder value with a clear path to regulatory approval. However, we’ve always been disciplined, and at the price required to match Paramount Skydance’s latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid. “
Independent-Cress382 on
I sold my calls 2 days ago in typical retard fashion
oh-boo on
Beautifully played by NFLX management: pump the price up and force Paramount to carry more debt while you walk away with a $2.8B breakup fee.
Muntberg on
Doesn’t matter they got Mayweather/Pacquiao 2
BiggieMoe01 on
My July 90$ calls are gonna print!!!!
canderouscze on
Great, now another +10% remaining for me to break even lol
tullymon on
Excellent! I was hoping that Paramount would get the deal, Taboola should benefit from them getting all of that content since they’ve got a deal to do the CTV advertising for them.
Happy-Champion1661 on
I might have forgotten to click “buy” on NFLX calls after the latest bid from paramount
rip, gg nflx bagholders
bloodandsunshine on
Poach the talent, invest a fraction of the cancelled bid and just out perform the competition. It feels like pivot to rope a dope
Well if we get an unwind of the AI trade and oracle shits the bed then Netflix can get two studios for the price of one.
Thetatterer on
This is probably blessing in disguise
MoneyRepeat7967 on
David Ellison belongs here.
Feralmoon87 on
As a NFLX bag holder, great, as not a paramount bag holder, great. Warner bros has been a turd for anyone that’s owned it over the last 20 years, I don’t think nflx should try to swallow that poison pill
itlynstalyn on
As if the industry wasn’t already on its last legs
Eastern-Joke-7537 on
I picked a good day to NOT trade.
IcarusActual on
They gonna wait to buy out paramount next year.
opossomSnout on
[ Removed by Reddit ]
Pain_3064 on
Terrible timing, I sold covered calls just yesterday fml
be-ay-be-why on
Netflix’s biggest competitor is not WB, it’s YouTube TV and Shorts. However a Paramount plus with WB + affiliation with TikTok could be a scary force for Netflix.
23 Comments
Netflix up 10% after hours.
The transaction is officially dead, Paramount has won.
Netflix, Inc. today announced that it has declined to raise its offer for Warner Bros. Netflix had earlier received notice from Warner Bros. Discovery (WBD) that its Board of Directors has determined Paramount Skydance’s (PSKY) latest proposal constitutes a “Superior Proposal” under the terms of WBD’s existing merger agreement with Netflix.
“The transaction we negotiated would have created shareholder value with a clear path to regulatory approval. However, we’ve always been disciplined, and at the price required to match Paramount Skydance’s latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid. “
I sold my calls 2 days ago in typical retard fashion
Beautifully played by NFLX management: pump the price up and force Paramount to carry more debt while you walk away with a $2.8B breakup fee.
Doesn’t matter they got Mayweather/Pacquiao 2
My July 90$ calls are gonna print!!!!
Great, now another +10% remaining for me to break even lol
Excellent! I was hoping that Paramount would get the deal, Taboola should benefit from them getting all of that content since they’ve got a deal to do the CTV advertising for them.
I might have forgotten to click “buy” on NFLX calls after the latest bid from paramount
rip, gg nflx bagholders
Poach the talent, invest a fraction of the cancelled bid and just out perform the competition. It feels like pivot to rope a dope
Back over $100+.
https://preview.redd.it/avp08off8xlg1.jpeg?width=640&format=pjpg&auto=webp&s=7da567e311b1fd90ff143e41d4461328a1c0425f
FUUUCK YEEEEEAAAAHHHHHH
Well if we get an unwind of the AI trade and oracle shits the bed then Netflix can get two studios for the price of one.
This is probably blessing in disguise
David Ellison belongs here.
As a NFLX bag holder, great, as not a paramount bag holder, great. Warner bros has been a turd for anyone that’s owned it over the last 20 years, I don’t think nflx should try to swallow that poison pill
As if the industry wasn’t already on its last legs
I picked a good day to NOT trade.
They gonna wait to buy out paramount next year.
[ Removed by Reddit ]
Terrible timing, I sold covered calls just yesterday fml
Netflix’s biggest competitor is not WB, it’s YouTube TV and Shorts. However a Paramount plus with WB + affiliation with TikTok could be a scary force for Netflix.
Idk how this plays out. Way too much noise.