Paramount Could Acquire Warner Bros. Discovery Sooner Than Expected. Here’s What That Means for Netflix Investors.
Netflix bowed out of the bidding war. Was it the right move?
Overview
Netflix (NASDAQ:NFLX) once again finds itself on the outside of Hollywood looking in. The Silicon Valley disruptor looked set to take over one of Tinseltown's most prized properties, Warner Bros. Discovery (NASDAQ:WBD), but a last-minute bidding war made Paramount Skydance (NASDAQ:PSKY) the winner after Netflix bowed out.
Now, after several state attorneys general sued to block the merger, a settlement is set to pave the way for the deal to be closed sooner than expected, possibly within the next couple of weeks.
Image source: Netflix.
Details
Source
Originally published at www.fool.com.
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