$Warner Bros. Discovery(WBD)$
Paramount Escalates Battle for WBD With Hostile $30 Cash Offer
Paramount intensified its bid to acquire Warner Bros. Discovery, launching a hostile all-cash tender offer at $30 per share above Netflix’s previously accepted $27.75 cash-and-stock deal. Backed by $41 billion in equity financing and $54 billion in debt commitments, the offer sets up a high-stakes contest that could prompt a counter-move from Netflix. WBD’s board reaffirmed support for its agreement with Netflix but will review Paramount’s proposal, which some analysts say could gain shareholder traction. A prolonged fight may lead to legal challenges, while questions around regulatory approval and deal synergies add further complexity to the streaming industry’s largest potential consolidation in years.
Netflix May Lose $90? Short NFLX & Long WBD?
Netflix lost near 15% in two weeks. While institutions upgrades Warner's price target.
As the deal continues to develop, should we be bullish on WBD, bearish on NFLX, or look for an arbitrage opportunity?
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