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
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
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