Netflix's proposed acquisition of Warner Bros Discovery's studios and streaming unit is expected to reduce streaming costs for consumers by bundling Netflix and HBO Max, according to two people familiar with the proposal.
In a move that could fundamentally redraw the map of the global entertainment industry, Netflix NASDAQ: NFLX has reportedly submitted a binding, predominantly cash offer to acquire Warner Bros. Discovery NASDAQ: WBD.
Warner Bros. Discovery (WBD) received a mostly-cash buyout offer from Netflix, with WBD shares rising premarket.
Warner Bros. Discovery has entered a fresh stage in its sale process, with Netflix Inc (NASDAQ:NFLX, XETRA:NFC), Paramount Skydance and Comcast Corporation (NASDAQ:CMCSA, XETRA:CTP2) all submitting updated bids after spending the US Thanksgiving weekend sharpening their offers.
Bankers for Paramount Skydance, Comcast and Netflix worked over the weekend on improved offers for all or part of Warner Bros., Bloomberg reported.
Zacks.com users have recently been watching Netflix (NFLX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
While the move instantly made Netflix's stock price more affordable for a broader range of investors, it also ignited speculation across institutional trading desks.
A high-level meeting that took place about 10 days ago hasn't been previously reported. Several White House officials also suggested during the sitdown that a broader investigation is necessary focusing on Netflix's market power, a government official who attended the confab said.
Netflix, Inc. shows strong structural growth, robust free cash flow, and industry-leading margins compared to peers, like DIS, WBD, and PSKY. Recent Q3 weakness was driven by a one-time Brazilian tax expense, but underlying fundamentals remain bullish, with resilient revenue and free cash flow growth hidden underneath. Chart analysis suggests NFLX may face further downside, as momentum is negative and shares trade below key moving averages across multiple timeframes.
Social media users report Netflix outage during 'Stranger Things' premiere
Streaming platform Netflix is down for thousands of users in the United States on Wednesday, according to Downdetector.com.
Netflix (NFLX) closed the most recent trading day at $106.14, moving +1.67% from the previous trading session.