WBD

Happy-Champion1661

I was a proud NFLX calls bagholder at the start of the year dw I know how it feels. Enter at $95 and cut my losses at $90s earlier than my thesis (WBD bid) played out. As a value play I don't like it too much but it's also not bad

Happy-Champion1661

I tried to catch the falling knife on NFLX multiple times at the start of the year, mostly because there was the also the bid for WBD catalyst. However I exited before its conclusion / pumped back up at a small loss. Honestly it's not even worth losing my mind trading this shit, yes it's might be discounted compared to last year but idk it's not even that cheap still a good company to own long term probably but we dont buy and hold here sir

dvdmovie1

1) Stock is around $28.30 pre-market and $31 is the offer. So you hold on and wait for the 8.7% or so from that and any other payouts if the merger takes longer than anticipated. If the deal gets done, maybe it's finalized in Q127. 2) Sell. Personally, the majority of the time if something I own is being bought I sell (particularly if it's not all cash.) I know this is an all cash offer, but I don't know I just don't like the business. This is the third time Warner has been bought in the last few decades - the first was during the dot com, the second was T (who later spun if off) and then now this and the third time probably won't be the charm either. If the deal doesn't go through (I think it's more likely that it does, but if it doesn't) WBD gets a breakup fee which is good but you're still looking at a pure play media business that is facing off against AMZN/AAPL that can take losses on media because they have the massive streams of revenue that the studios don't. Also, if NFLX really wanted WBD they should have made an offer on it when nobody wanted it (and at one point not that long prior could have made an offer at half of what they did), not after Ellison had made an offer. Netflix had previously talked multiple times about not making such purchases, then when someone else made a (very rich) offer, they jumped in.

neckhairedover

I would hang on till it closes. Paramount and AG Bonta are most likely discussing settlement terms and as soon as that case is settled they'll be able to close quickly, everything else is in place. It is possible it drags on but the ticking fee is to compensate. It's possible it won't close but in that case WBD most likely gets 7B termination fee. The share price may drop but with the roughly 20B net debt they'd have by then I think they'll recover. Hopefully it won't be much longer.

athsrva

Yes this is disappointing from Bonta. hope he doesnt do the same in the WBD/PSKY case

krakends

This is much harder to win across the board at trial than an antitrust suit that is clear cut. If they don't buckle, WBD Paramount merger will not happen.

krakends

Big win for Bonta. Now please block the WBD and Paramount merger.

Sandvicheater

Last and this month the Odyssey and spider-man broke box office records so why are movie theater companies like AMC or CNK and studios like DIS, PSKY, WBD are either trading side ways or down badly for their 5 year charts?

glizzler

Puts on WBD?

glizzler

Looking at October 16 Puts $20 strike on Warner Bros (WBD) what do you regards think? They are cheap as hell

allStocksNews

While everyone is waiting on the merger $PSKY - $WBD - none of the large institutions in the deal are sellers. Therefor $PSKY could squeeze to $100 before trial ends.

Mail_Order_Lutefisk

Yes. If the states win then the bond would be returned in full, Paramount would have to pay WBD the break up fee (as increased by the ticking fee, if applicable) and Paramount would have to pay the costs and fees of the states.  If the states are the cause for the delay then it only seems fair for them to pay Paramount’s costs for it if the states lose. Paramount argues in the motion that they need the bond posted because Paramount wanted it adjudicated before Thanksgiving and the states resisted the short timeframe and the actual trial has thus been scheduled for spring of 2027, during which the $7 million fee will accrue every single day beginning on September 30. Paramount further argues that because the states have sovereign immunity, if Paramount prevails it will have no remedy against the states leaving the bond as their sole source of recovery.  The states will say they have a public interest in the matter and shouldn’t be required to post a bond. They will also argue Paramount waived the bond already by delaying the closing but Paramount argues they did that under the assumption they would receive a quick trial. I suspect this thing will settle before the September 26 court hearing and Paramount will announce that it is moving HQ out of California by next summer unless not moving is one of the conditions agreed to in the settlement. 

Intelligent-Dig-4082

The same paramount that cried wolf over the NFLX/WBD deal?

acegikmo21767

In this specific case, I find it hard to see how a combined Paramount - WBD would be more financially solvent with the massive acquisition debt.

Far-Web-165

I would have preferred ROKU stay independent. I sold most of my Roku shares since the stock is essentially range-bound by the fox buyout. However I did put about half of the sale back into FOX shares. My reasoning was that Fox got a fantastic deal on Roku given it's growth prospects. Fox was relatively fairly priced at the time but still suffered a steep drop on announcement. I think the addition of Roku improves Fox's growth prospects significantly and both companies will print money. So far it's been the right decision as my FOX shares are up over 20% since the buyout announcement, though the massive world cup win did help. Assuming the looming PSKY/WBD merger goes through I think there's potential for a combined FOX/ROKU to fill the void left by that merger as well.

BriackYOLO

Ticker is WBD, go get those puts.

MrBootyPops

This is a weird way to view things. NFLX took a beat after their announcement to buy WBD. It will recover after that and a couple other things. You cherry pick the 5 year mark but on average , NFLX far exceeds SPY returns. https://totalrealreturns.com/s/SPY,NFLX

ActJolly

WBD full port 0DTE Calls boys ts made nothing

GoonSquadCommand

WBD Nov 28c are the easiest 4 baggers on the planet

Interesting_Play_578

Do you remember how WBD was trading below $15 last year? Nobody's buying all of MU at the current price

BuySideSellSide

Ads and canceled series means subscriber base is gone. They make more money on ads than subscriptions, but they make no money on the people that don't want ads. There's also a new trend from people that are sick of the disappointment waiting until a series is finished before watching it, which makes it more likely a show gets canceled. If you are an investor and see show after show get canceled with subscribers dropping, wyd? $NFLX isn't going anywhere, but I like it a lot better closer to $WBD price of $26 than current prices because of their recent business decisions. Would probably scale in at $40 for the long term, but they're not doing anything impressive as of now.

mm_newsletter

The fee math is getting mixed up here. The $7B only applies if regulators kill the deal, and the ticking fee goes to WBD holders if closing drags past September. The EU cleared it last week. The debt is still ugly. Zero feels like a stretch.

tyk13r

Netflix is just gonna get WBD in a few years when they acquire Paramount for pennies on the dollar

jamiestar9

Should the merger be blocked the market will probably punish WBD severely, at least at first. But I don’t understand that view. WBD was doing quite well at paying down debt. HBO Max is arguably the strongest streaming service, at least as far as customer satisfaction goes. Netflix, declared the winner of the streaming wars, is now going through a period where subscribers are asking themselves why they remain subscribers with all the slop and price increases. Paramount would definitely be weaker. Disney and Hulu seem to be wandering aimlessly. To say nothing of the $7B that WBD suddenly receives! Recall that the original PSKY offer was an unsolicited offer. WBD had to entertain it only because the market had punished the stock to such ridiculous lows.

gls2220

Yep. This is how I figured it would go. The financing is based on Oracle's valuation and Oracle's balance sheet is shit right now and about to get a lot worse. Ultimately, I think Oracle will be fine, but it isn't hard to imagine some of these lenders getting nervous and backing out, especially considering the absurd price the Ellisons agreed to pay for WBD, which makes no sense at all.

Traditional-Way-4097

Just out of curiousity, Why is the Paramount + WBD merger bad but the Disney + Fox merger allowed?

GroundbreakingSir386

You’re right that shit was fire. There’s so many things in HBO and paramount, WBD that could be sold for hundreds of millions. Plenty of great IP that I’m sure Amazon, Apple, Netflix would be gobbling up

Remarkable_Cat_8696

Wouldn't this be free money if you buy WBD shares after Paramount starts to pay the ticking fee

Akraticacious

What happened? Paramount paid Netflix 2.8B to break up the deal with WBD? Which deal? Between Netflix and WBD? And it seems dumb to pay another company money for backing out of a merger.

Acrobatic-Flan-5085

I remember the kid Ellison complaining like crazy when WBD said the deal wasn’t good enough unless they had a guarantee of the funds from papa, who had to pledge Oracle shares. The kid and the media roasted WBD leadership for “playing games” It wasn’t a game, WBD understood the financial risk, but also had a fiduciary duty to maximize the purchase price. If paramount breaks, they may not be a zero but they will be seriously impaired. Meanwhile, Warner will probably just go back to Netflix lol

GroundbreakingSir386

Netflix is playing a long-term "4D chess" strategy pretty soon Netflix will buy both WBD and Paramount.

herefromyoutube

It’s crazy how many people predicted this if Netflix actually does end up getting it. I personally hope Apple swoops in with an offer to get that catalog since they actually try sometime and have a whole tech division to fall back on. Plus wouldn’t hurt my WBD shares I got at $9

GroundbreakingSir386

“Daddy, they won’t let me buy WBD.”😭

GroundbreakingSir386

Very true very true. I’m thinking about the breakup fee and ticking fees hitting the balance sheet likely will benefit them then I’m sure there will be another company to attempt acquiring WBD. Might be decent buy $20 or below.

greenpride32

WBD was \~$10 before the buyout noise started. If the acquisition does not go through, you're likely looking at 50-60% equity loss. The company is not doing well financially, and only has "value" due to desirable IP. So you're risking \~20-25% gain sometime in the future versus a potentially much steeper loss.

GroundbreakingSir386

Buying WBD might be a no brainer

greenpride32

>Won't the combined company technically retain those payments? The payments aren't going to the entity of WBD that is being acquired, it's going to the WBD shareholders. The (would be former) shareholders of WBD simply walk away with the cash in their pockets.

GroundbreakingSir386

Paramount is buying HBO through WBD.

Pyrrhic_Pragmatist

Not a smart person, but does the ticking fee even matter if the money goes to WBD and the acquisition goes through eventually? Won't the combined company technically retain those payments?

unholycowgod

Pretty sure it just gets added on to the purchase price, so WBD shareholders get it.

WiserPeople

Because David Ellison's dad is guaranteeing that loan against his Oracle net worth.  Since Larry is worth like 4-5x more than WBD that may have helped just a weeee bit.

YoTonoHo

Ohhh I thought Discovery was a separate company, forgot that it’s WBD and that’s how Zaslav became CEO.

Xzlk

NFLX wanted to buy WBD for half of what Disney is rn. Whats stopping them from just slowly acquiring Disney shares at this point? Hostile takeover going to happen. Especially when Disney inevitably drops another 20% from here.

Klutzy-Sea-4857

Solid breakdown. The WBD breakup fee inflating net income is the kind of thing casual investors totally miss when they see the headline number. AR growing 3x faster than ad revenue is the real red flag though - a classic sign of channel stuffing or weak collections. The Brazil tax situation is wild that it got zero airtime on the call. No position, by the way.

Sufficient_Habit5091

NFLX really messed up by not paying more for WBD. They have all this cash and don't know how to use it. That and the space is still too saturated, fractured to make it worth investing. There has to be more consolidation likely.

Sufficient_Habit5091

NFLX really fucked up by not paying more for WBD. They have all this cash and don't know how to use it. That and there still hasn't been enough consolidation to make this industry worth investing.

Information_Solid

If i didnt know any better this gives me paypal kinda vibe. Except this isnt god dam pain pal. I dont even know who to get pissed off at, CEO or market. Because the report wasnt so bad to deserve this drop. But the CEO did right on passing on WBD. Super conflicted.  Like is the market really thinking this company is suddenly becoming a blockbuster?

Rich-Badger-7601

20 future p/e relative to what though? We're in an era where even fucking Walmart is running a future p/e of 40 while still being down 20% from ATH at this point. Netflix is the biggest fish in a pond where all of the competition is actively hemorrhaging money attempting to do what Netflix already does profitably. Peacock has never had a profitable quarter, Apple TV has never had a profitable quarter, HBO is going down with the ship with WBD whether the deal goes through or not and even with Amazon subsidizing the fuck out of Prime Video they have to keep adding more and more ads just to make the numbers work. Even Disney+, which actually does make money but is also only doing 1/10th the revenue that Netflix is, stopped reporting their own subscriber counts earlier this year because of how great things are clearly going for them. Netflix as a still service is still ass in 2026 don't get me wrong, but they're still the 800 lb gorilla at what they do and two decades later nobody has figured out how to do what they do better than them without losing an absolute fuckton of money in the process.

Typingtext

They also said they will report less on engagement aka engagement is going down. Haven't you seen them exploring new areas to drive engagement? Live events, games, buying WBD, etc.

MitchCurry

NFLX make a public bid for WBD again so they can retract the bid and shoot up 15% again.

FartPolluter

lol warner bros ceo cashed out his shares before merger closing. He not only has no faith the merger will close but also no faith in WBD if the merger fails to close. Hollywood is dead, long live Silicon Valley

Cav829

At this rate WBD is going to put in an offer to buy Netflix.

Three_of_a_kind3515

NFLX calls.. I have the 75 calls expiration Friday.. no way Reed Hastings hands the reigns over to the new guy without a fan fair and great earnings. Hopefully, they see their stock as undervalued… and increase the buyback.. since stopping it to try to buy WBD.. which they received money for the deal being broken by Paramount.. who is now being sued in like 11 states for a monopoly… NFLX is golden, Pony Boy.. for Johnny. I feel it.

TAKINAS_INNOVATION

Netflix earnings today What I'm looking for besides them beating the numbers. 1. Advertising growth that needs to be up 2. Engagement can't be down that much 3. Management needs to clarify what they're doing with M and A. They said they were done after WBD and then went and tried to bid on Roku. 4. People say Netflix can't grow but people are looking at it from the wrong perspective. Netflix's future growth depends on turning into a media juggernaut with them expanding into merchandise and licensing, experiences etc etc. They said they're gonna do a K pop demon hunters tour so would like to hear more info on that.

Clueless5001

You may want to read the part under “breakup” https://en.wikipedia.org/wiki/AT%26T\_Corporation bottom line assuming the shares can be found, it really depends on when your mom’s shares were purchased how much they are worth and in which company they are in. Theoretically if they were bought before the breakup lawsuit, she may have shares in T, Verizon and Warner Bros Discovery as well as a couple of others. I do and I am about her age and they were bought in a UGMA or UTMA account in the 70s, although a straight trust account is always possible in your mom’s case. I also have shares in Vodaphone and Comcast and I am not sure if they are connected to T or how. I mention them specifically because IIRC Computershare is not the transfer agent for Vodaphone or Comcast’s but it is for Verizon and WBD. If the shares were bought after the breakup, different story. If you call Computershare, make sure your mom is the one on the phone. Any possible idea who was the trustee? One of your grandparents or your great grandmother? It may be helpful to have everyone’s social security number, their old addresses and if applicable, death certificates. If the trustee is still alive you may need them involved as well. Did you check in unclaimed property in your mom’s childhood state? I would check under everyone’s name. The issue is that it is not just the stock but potentially many years of dividends. I had pre breakup stock but my parents kept track of it and it was at Computershare after it was broken up into a bunch of companies in the 1980s My mom was the trustee under a UGMA account. I am probably around your mom’s age and while I always paid tax on the dividends on my taxes, I left it as a UGMA account in my mom as trustee since she liked dealing with it and I didn’t. I was able to keep track through an online Computershare account. I think my parents sent in the certificates many years ago, if they ever even had them, I have never seen them but this is not something I would have cared about in 1976. Then when my parents redid their estate plan a couple of years ago, I had to move the stock out of her name and into mine. Even with having all the information we ended up having to get a separate Medallion Guarantee for my mom’s signature (our local Citibank where we both had small accounts was very easy to deal with on this) for each company held at Computershare IIRC. Prior to moving it from a UGMA, one time after I called as the 50 year old beneficiary (my 20 something year old son’s UGMA was released to him after he turned 21 without much additional paperwork at one of the big brokers), they froze my online account. I had to get a notarized letter to unfreeze it although since it was a couple of years ago I do not recall the details of why but I was told by someone that my phone call triggered it since I was not the trustee. After it was finally moved to my name, I moved them as shares (without selling them) to my regular brokerage account at a large broker. It was not too bad, just a lot of paperwork for my mom to fill out

CardboardCompass

The $80 number checks out, straight from Lores's offer letter, stock hurdle set at $80 off a $42.58 baseline sometime between year three and five of his tenure. Also worth noting, WBD hasn't actually closed yet, it's trading around $27 right now because a handful of state AG's are suing to block it, so winning the bidding was doesn't mean trading at the agredd price for months. Good precedent either way, worth having the exact numbers before anyone leans on it.

Relative-Snow8735

The new CEO has a lucrative incentive package that doesn't start kicking in until the stock is somewhere above $80. That alone is likely going to drive him to want to get the offer price up. I think a very good parallel to look to is the WBD fiasco. The stock was under $10 and is now floating just below $30 thanks to a very aggressive bidding war. As a stand alone entity, WBD is not worth $10, let alone $30. But in a competitive market, consolidation can be leveraged to drown out competitors and in an environment like that it can make sense to overbid for assets like WBD to make sure your the one that stays on top. If Paypal can get a competing offer I think wee see a minimum of $100 a share once the dust settles. PYPL has a much cleaner balance sheet than WBD which could lend itself to support some fairly lofty bids.

Relative-Snow8735

I am hoping he goes out and gets a bidding war going with the intention of hitting those incentive milestones. PYPL is down because the payments landscape is so competitive. But consolidation can change the narrative quickly, similar to what happen with WBD. They went from being a dog of a company to being a key piece to consolidating the market once the bids started coming in.

Relative-Snow8735

If IV collapses on strikes above $60, it could make sense to buy a few lottery tickets on the chance that PYPL negotiates a higher purchase price or a competing bid emerges. Look at how WBD played out as an example. The stock was under $10 and is now pushing close to $30 once the bidding war finally settled. But yeah, if the current offer gets accepted and you are holding $60 calls, you are probably gong to lose money depending on how much you paid for those calls. I bought a few $50 LEAPs expecting something like this to happen, and if this offer goes through, those LEAPs are only going to be up \~25%. I would have made more just buying the stock.

waka_wear_art

AG Banda trying to make a name for himself as future California governor aspirations, but can't see the forest for the trees on this one.  Meanwhile he got a government 126 billion or so in the hole for a high speed train that goes non ideal places that people will never ride in San Joaquin valley to pay it back. The urban density is not in those places to justify.  Cable is dying and these companies are debt zombies trying to stay a float. This does nothing long term as the companies are much weaker on their own. Netflix would have carved the crap out of WBD with 1 season enshitification of content made straight to tv quality on DC comic book side quests.  He man, Moana, bomb after bomb in 100 million money lost on tentpoles by legacy studios that has nothing to do with mergers. 

Mail_Order_Lutefisk

Within ten years we will need to see NBCU, PSKY and WBD merged and local news production consolidated to one or two studios in most towns or else there will be rampant enterprise failures. The government has no idea what is happening in reality. A hypermammiferous 19 year old woman in a bikini draws more viewers than Larry King Live or Nightline drew at their peak. 

LivelyPants

It's official. In addition, the United Kingdom is currently reviewing the bid, posing several hurdles for the merger. Here is the timeline: * **July 14, 2026 (Foreign Subsidies Regulation):** The European Commission is independently auditing the **$24 billion** in Middle Eastern funding (including Saudi Arabia's PIF and the Qatar Investment Authority) backing David Ellison’s bid. If Paramount does not adequately restructure or transparently clear this cash track by July 14, the EU will legally trigger a **90-working-day Phase 2 freeze**. \[[1](https://www.hollywoodreporter.com/business/business-news/paramount-to-exit-uip-to-win-eu-approval-for-warner-merger-1236634547/), [2](https://www.reddit.com/r/MediaMergers/comments/1ueb6o8/eu_set_to_clear_paramounts_111bn_takeover_of/)\] * **July 22, 2026 (Antitrust Decision):** The provisional antitrust deadline was extended from July 7 to July 22 to give regulators time to evaluate formal concessions submitted by Paramount. \[[1](https://www.reuters.com/world/paramount-offers-remedies-warner-deal-making-eu-approval-likely-2026-07-01/), [2](https://finance.yahoo.com/media-advertising/articles/paramounts-110-billion-warner-deal-181530807.html)\] * **September 30, 2026 (The Financial Red Line):** If the deal fails to close by this date, a daily "ticking fee" of **$0.25 per share** kicks in, costing Paramount roughly **$600 million to $650 million per quarter** in penalties paid directly to WBD shareholders. \[[1](https://www.techtimes.com/articles/320257/20260712/state-ags-aim-block-paramount-wbd-despite-doj-approval-eu-clock-ticking.htm), [2](https://www.sportsmediawatch.com/2026/07/paramount-wbd-deal-reportedly-not-close-july-22/)\]

FartPolluter

Entertainment will consolidate either in big techs or big pure play companies (PSKY-WBD, DIS, NFLX)

FartPolluter

WIf and when PSKY-WBD merger goes through, they'll face serious competition

ZestycloseRun5895

\> The disconnect between the business performance and the stock price is almost entirely sentiment driven as Hastings leaving spooked people I would argue the following macro-economic trends have had more impact on Netflix’s stock than just 1 person leaving: \-Netflix and the wider streaming industry seeing volatile, even declining, engagement \-Launching a bid for WBD \-The paid streaming industry as a whole losing viewing share to YouTube and free alternatives \-Netflix not going into the AI race compared to its peers

ZestycloseRun5895

*> The disconnect between the business performance and the stock price is almost entirely sentiment driven as Hastings leaving spooked people* I would argue the following macro-economic trends have had more impact on Netflix’s stock than just 1 person leaving: \-most media & entertainment company stocks have had a rough year, trailing the S&P500 \-Netflix and the wider streaming industry seeing volatile, even declining, engagement \-launching a bid for WBD \-the streaming industry as a whole losing viewing share to YouTube and free alternatives

MordorBlues

PSKY is on sale over FUD if you want to hit the double bottom before WBD merger soon.

SerpentRoyalty

Why wouldn't they go ahead with acquisition? They already wanted to buy WBD and nothing has changed about WBD fundamentals.

perceptive_AI

WBD fucked up by giving DCU to James Gunn

FartPolluter

Anyone following the PSKY-WBD merger and got interesting plays?

Bagholder147

Not to mention they leveraged the shares of Daddy oracle to buy WBD.

pigeon_shit

My “trading bot” goes live today and wants to buy MU/INTC/WBD/GOOG. I’ll approve and see what this retard clanker does

Muted-Pace-5706

the WBD comp is interesting but the theme parks complicate it. a streaming or studio buyer can absorb NBC content pretty cleanly, but Universal Studios is a different asset class entirely and most logical acquirers dont want it. that asset mismatch is probably why the market is still pricing a spin rather than a sale, and it might be right.

moutonbleu

When WBD announced they were splitting into two, the stock was around $10 (1/3rd of its price). Same situation here y'all

Muted-Pace-5706

the 14% discount is the most important signal here. clean merger arb usually trades at 3-5% to deal price, so 14% means the market is pricing in real deal failure risk, not just time value. if the deal breaks, WBD probably revisits $20 or lower, and no quarterly sweetener makes up for that. the math works if you have genuine conviction the deal closes, but the spread is telling you the market doesnt share that conviction.

greenpride32

I think you're mixing up NFLX and PSKY offers. Only under the NFLX deal would the legacy business spinoff because NFLX wanted no part of that. But under PSKY terms, the entirety of WBD is being absorbed in an all cash deal. You're getting $31 + (q \* .25) and nothing more.

zKarp

Compare ATT to wbd spin off. It crashed up until the actual spin off. Then ATT took off and WBD was/is bought. I expect the exact same

SpongEWorTHiebOb

What’s the comp? Objectively it is the most expensive stock in the entertainment industry even after this 40% fall. Disney trades at less than 2x revenue with a forward PE of 13. Fox trades at 1.2 x revenue and a forward PE of 8. WBD is reporting GAAP losses but trades at 1.8 x revenue. NFLX is losing its premium tech software multiple like so many others. Streaming is not cutting edge tech any longer. Also its content sucks. Apple and HBO have much better libraries. It has a lot further to fall.

jack3moto

netflix was not buying the linear cable portion of WBD. Only the IP and studio. It's not even remotely similar to what paramount bought.

Zalvren

> That being said, the miss on acquiring WBD Might be a good thing, it's almost sure Paramount and Warner will be over-indebted and back to selling in a few years. They could get both at once for cheaper. WBD sale was overvalued like crazy, it sold more than triple its value a few weeks before the sale talks started

jack3moto

as a business they're fine. As a growth stock they're hitting some major turmoil. They've got 300+ million subscribers and are doing a great job pushing people to their ad tier where they're generating $20+ per subscriber in ads alone. They will continue to print cash and have a very sustainable business. That being said, the miss on acquiring WBD, the lack of acquiring any IP over the last 20 years, the miss on trying to acquire Roku. The fact that they're making $250m+ budget movies that go directly onto their platform without hitting theaters is mind boggling. Their IP doesn't generate the money off screen that other major companies rely so heavily on. They're fishing for their next big thing and seem to be coming up short at every turn. That doesn't mean they won't find it but I think they're settling into a more accurate stock price. Do you believe they'll actually improve on their investment strategies that are separate from their current main business? Or do you think this is basically what netflix will be for the next decade. Sports rights are expensive as fuck and the NFLX has put netflix into a corner for 2029 where they're going to have to either put up or shut up on getting into the live rights of the NFL business more so than just 2-4 games per year. I'm pretty bearish on what they do outside of their core business that has grown to where it is today. I think they came in hot and did really really well becoming who they are, i'm not optimistic that they'll grow to be anything different.

Iwubinvesting

Netflix as well. Netflix is cheaper now than it was during peak iran fears and WBD deal netting them a free 2.8 billion dollars.

chainerection

Nflx is lower than it was before they gave up WBD.

Affectionate-Panic-1

In 2026 they aren't really an innovative tech company, they should be priced more like traditional media. I'm not confident that they have better leadership than Apple, Disney, Paramount etc. If anything lately Apple and WBD (HBO) has had better original content.

Xzlk

NFLX so fkn desperate to buy something. Why? Outbid on WBD, outbid on Roku, now Lionsgate Studios? wtf do they even have????

EnnonGShamoi

Netflix has the chance to do the funniest thing, after Paramount poached their WBD acquisition...

Craicob

I’m saying no it can’t. If the deal goes through WBD stock holders get $31 cash for their stock. You don’t get some new PSKY stock if the deal goes through

Craicob

It doesn’t matter if the company can clear the debt post merger for WBD holders, it’s a cash buyout of the stock.

Remarkable_Cat_8696

WBD's shareholders will be in trouble if the deal doesn't go through.

Lost_in_Torontoh

DOJ just approved Paramount and WBD!!!! $PSKY This is going to to $100 plus in year

JellyfishFestival

The after hours chart for WBD is why algorithmic trading is not free money

Remarkable_Cat_8696

I almost forgot that Oracle needs to support the WBD buyout.

cinciNattyLight

That’s only 36.36(repeating of course)% WBD… looks like everyone is running out of cash!!!

Lost_in_Torontoh

PSKY is a much better play, when they get the WBD their gaming studio they just set up ( won't be a side project but it's going to be the main one ) going to be 40b on its own

FartPolluter

Absolute joke that PSKY merger with WBD over CNN gets so much attention when NVDA announce their locking up 70% of HBM4 capacity. Shows where the priorities are for your average ivy league linkedin douche

confusing_roundabout

Check almost any stock sorted by all time. It's rare that they return to their day 1 price. WBD for example only hit its starting price once the Netflix buyout was announced, like 8 years after the merger.

No-Fig-8614

Paramount offered a sweetened deal with more kickers like being able to pay for the breakup fees for Netflix (so Netflix didn’t challenge cause the got to walk away clean and get a giant cash infusion and didn’t want to fight anymore), they offered a breakup fee if it doesn’t work out to WBD if merger failed, they offered a tucking deal so if it doesn’t close fast enough they pay more to investors. They didn’t value the cable assets but now we are seeing they may be used to sell off as concessions to regulators like in the EU they plan to sell their kids channels so they don’t have a monopoly. Everyone also knew that they had a fast track in the current Trump admin. Literally Ted from Netflix flew into Washington then realized he wasn’t getting meeting with Trump and heard the new bid by paramount and decided to walk knowing he wouldn’t win the White House plus get a breakup fee. Also paramount reorganized some of the funding to make it better than their last offer. Also it showed they would just keep raising it and Netflix knew it wasn’t worth pursing. My guess is, if it gets past state and EU regulators, they won’t be able to keep paying the debt obligations and prepare to sell off specific assets that Netflix could then if they were of any value scoop up using the paramount breakup fees. It’s the biggest joke of a deal but if you look at the financing and who it’s coming from, the only people who will be hurt first is the Middle East countries backing like 20b of it, then Larry is putting up a ton of his equity on the table then the banks. Meanwhile David got to take home a massive bonus and can walk away with a good amount to $$$ personally. He won’t regardless of what happens.

Wannabe_Wolf

It's not so simple because the paramount offer includes the other assets (Cable TV) that are declining / supported by the core streaming business. Therefore, there offer is more attractive because it takes these off the WBD shareholders hands (I would guess these assets wouldn't have been able to survive for long on there own if spun off)

904Funk

Well my stop loss got hit on WBD. 3 years later…guess I’m happy with it. Should’ve sold when it hit $29 during the bidding war. https://preview.redd.it/vnvtc9h6ei5h1.jpeg?width=740&format=pjpg&auto=webp&s=cb89cd0134decd45558c0717ec022baf231e906b Buying CDNL, lots of it.

904Funk

Should I set stop loss for WBD at $26? I have 520 shares at 10.37avg should I just say F it and sell or hope the lawsuit shit falls through and get $5 more per share?