Netflix Backs Out of Warner Bros Deal
Spokane News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Netflix withdraws from Warner Bros Discovery deal, citing financial unfeasibility after Paramounts revised offer of $31 per share. Paramounts bid includes $45.7 billion in equity and $57.5 billion in debt financing. Netflixs stock surges 10% in after-hours trading, and investors applaud the decision to walk away.
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