Netflix, Paramount shares dive as Wall Street bets…
Wall Street is betting that a bidding conflict is brewing for Warner Bros. Discovery – and that, in flip, is slamming the shares of the 2 media giants that need to buy it, sources told On The Money.
Paramount Skydance is weighing whether or not to increase its $30-a-share offer as half of its “hostile takeover” strategy, sources close to the company said. That means arguing straight to WBD shareholders that its all-cash bid is better than Netflix’s successful $27.75-a-share cash-and-stock offer that depends on the sale of cable channels like GWN to push it above $30 a…
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