The war between Netflix $NFLX and Paramount Skydance $PSKY is far from over!
The board of Warner Bros. $WBD is discussing whether Paramount could offer better terms regarding the sale. No decision has been made yet, so the board may continue to stick with the current agreement with Netflix.
Last week Paramount improved its offer to buy Warner Bros. It offered additional cash and agreed to pay a breakup fee if the contract with Netflix were terminated.
Paramount now values the transaction at $108.4 billion including debt, which corresponds to an offer of $30 per share for $WBD.
Both companies (Netflix and Paramount) would, by acquiring it, gain rights to very popular films and series from $WBD's catalog such as Harry Potter, Superman, or Game of Thrones.
Who do you think will win?
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I think investors in $NFLX shares will make money even without WBD. But if Netflix were to get it, that would be awesome and I could watch more movies😄
Netflix still has the best chance, and I think it will win this showdown. I don't think Paramount will be able to handle it.