Netflix’s reported acquisition of Warner Bros. might not be a done deal yet. New reporting from The New York Post speculates that Skydance and Paramount are trying to formulate a plan of attack to get shareholders to reconsider Netflix’s bid on the company.
This morning, the streamer announced their acquisition of Warner Bros. on social media and reaction has been bubbling all day. Everyone has an opinion on the largest media merger of the year. On Twitter, The New York Post’s business correspondent wrote, “As reported @paramountco @Skydance is now looking to launch a hostile bid for @wbd because it feels its $30 a share all cash offer is actually higher than what @netflix offered in terms of cash, stock and the value of the spinoff of the cable business.”
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