Netflix ( NFLX ) reported fourth-quarter earnings after the bell on Tuesday that showed better-than-expected results, but said it will increase its rollout of new content in the coming year and halt its share repurchase program because of its pending acquisition of Warner Bros. Discovery ( WBD ). The streaming giant reported revenue of $12.05 … Read more
Netflix is revising its $72 billion bid for Warner Bros. Discovery to make it an all cash transaction. Netflix initially pitched a cash and stock deal valued at $27.75 per Warner Bros. share, giving it a total enterprise value of $82.7 billion, including debt. Netflix and Warner Bros. said on Tuesday that the revised agreement … Read more
An HBO Max subscriber from Las Vegas has filed a class action complaint against Netflix in an attempt to block its Warner Bros. merger. Discovery due to antitrust concerns and the potential for price gouging. A Las Vegas woman called the acquisition “presumptively anticompetitive” in its documents, filed Monday and obtained by TheWrap. Its legal … Read more