Why Netflixs revised all-cash-bid for WBD might…
On Tuesday, not only did Netflix CEO Ted Sarandos need to shore-up his “winning bid” to buy Warner Bros. Discovery; he also needed to persuade his shareholders his months-long quest to nail down the deal is value it after shedding what is approaching a whopping $170 billion in his stock’s market worth amid the drama, On The Money has realized.
At least half of Tuesday’s earnings announcement, in which the company beat expectations, was designed to remind shareholders that the streaming giant is still a giant even if it’s blowing around $83 billion – now all in…
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