Netflix Drops 5% on Potential HBO Max Bundle: A Buy at $100?
Netflix has entered a more than $70 billion three-way bidding battle involving Warner, submitting an offer to acquire HBO Max and promising to provide cheaper streaming bills through bundled packages. Netflix shares dropped 5% yesterday, bringing the stock price close to $100. How long will this acquisition battle continue? How significant would a $70 billion deal be for Netflix? If the stock falls below $100, would you buy the dip on Netflix—or would you bet on WBD instead?