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Netflix withdrawal

2 articles
BenzingaBenzinga··Kaustubh Bagalkote

Netflix Pulls Warner Bros. Deal, Signals Hollywood Cost-Cutting Era

Netflix withdraws Warner Bros. Discovery bid, receives $2.8B breakup fee from Paramount. Stock slides 2.50% but carries Buy rating with $521.32 price target.
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BenzingaBenzinga··Eva Mathew

Netflix Exits Warner Bros. Discovery Bidding War as Paramount Secures $40.4B Deal

Netflix withdraws $82.7B bid for Warner Bros. Discovery. Paramount secures $40.4B deal with Larry Ellison's personal guarantee.
NFLXWBDPSKYCCZCMCSAacquisitionParamount Skydance