Paramount Lifts WBD Bid: Chase WBD or Buy the Dip of Netflix?
Paramount Skydance lifted its offer to $31 per share, reopening a 7-day negotiation window with Warner Bros. Discovery and reigniting Hollywood’s takeover drama. WBD still backs its $27.75 per share binding deal with Netflix, with a March 20 shareholder vote scheduled. Paramount says $31 isn’t its “final” bid and is even willing to cover Netflix’s $2.8B breakup fee.
At the open: PSKY +8%, WBD +3%, NFLX -1%—with Netflix sliding toward $75, eyeing $70 as the next technical level.
Are you bullish on WBD and PSKY?
Will Netflix match the $31 bid?
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