Netflix to Buy WBD at $27.75: $NFLX A Buy if It Drops Below $100?
Netflix will acquire Warner Bros. Entertainment for $27.75 per share in cash plus stock. The transaction is expected to close within 12–18 months. NFLX’s stock price fell as low as $99 in pre-market trading and then rebounds.
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Would Netflix bleed further with acquisition?
Is it a buy under $100?
Any arbitrary opportunity in this case?