BREAKING: Netflix is pulling out of the deal and will not increase their offer for Warner Bros, as per CNBC.

Congrats to Netflix Shareholders.

$3B in 3 weeks for doing nothing.

$NFLX +9%

amit: BREAKING: Warner Brothers has deemed Paramount's takeover bid superior to Netflix.

Netflix has 4 business days to counter.

$57B of debt has already been committed for the deal.

If I’m Netflix…I’m saying “Thanks for the $2.8B breakup fee,” and I’m out.

$WBD $PSKY $NFLX

BREAKING: Warner Brothers has deemed Paramount's takeover bid superior to Netflix.

Netflix has 4 business days to counter.

$57B of debt has already been committed for the deal.

If I’m Netflix…I’m saying “Thanks for the $2.8B breakup fee,” and I’m out.

$WBD $PSKY $NFLX

amit: BREAKING: Warner Bros Discovery says that they are now evaluating Paramount’s new offer, which includes a $31 per share buyout and covers the $2.8B termination fee with Netflix.

Netflix does about $9B of net income per year. If the deal doesn’t go through, they just did 30% of

BREAKING: Warner Bros Discovery says that they are now evaluating Paramount’s new offer, which includes a $31 per share buyout and covers the $2.8B termination fee with Netflix.

Netflix does about $9B of net income per year. If the deal doesn’t go through, they just did 30% of their net income for the year with this termination fee…in a few months.

$WBD $PSKY $NFLX