Total of 8.6 billion. That is a big swing.
Financial Outcome for $Netflix(NFLX)$
Despite losing the acquisition, $Netflix(NFLX)$ benefited financially from the termination of the agreement:
Breakup Fee Received: Because $Warner Bros. Discovery(WBD)$ chose a superior offer from a rival, it (via $Paramount Global(PARA)$ ) was required to pay $Netflix(NFLX)$ a $2.8 billion termination fee.
Potential Risk: Had the deal fallen through due to $Netflix(NFLX)$ 's failure to secure regulatory approvals, $Netflix(NFLX)$ would have owed $Warner Bros. Discovery(WBD)$ a reverse breakup fee of $5.8 billion.
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