Netflix revises deal for Warner Bros as streaming giant prepares to report earnings
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Netflix revises deal for Warner Bros as streaming giant prepares to report earnings
"From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging. At such a critical moment in US history, we need reporters on the ground."
"The new bid, which was reported last week as in the works, comes as the streaming giant was prepared to report its earnings Tuesday. Netflix's share price has been significantly down since the company's previous earnings report last fall, which showed slowing subscriber growth, and has only continued to tumble following the WBD merger announcement last month. Meanwhile, the sweetened offer from Netflix eliminates the $4.50 stock equity component, leaving the per-share offer at $27.75."
The Independent covers reproductive rights, climate change and Big Tech by sending reporters to develop stories on the ground. The outlet investigates issues such as Elon Musk's pro-Trump PAC and produces documentaries like 'The A Word', spotlighting American women fighting for reproductive rights. The Independent avoids paywalls and solicits donations to continue sending journalists to speak to both sides of stories. Netflix struck an amended all-cash deal to acquire Warner Bros. Discovery's streaming and studio assets, replacing a prior stock-and-cash agreement. Netflix removed the $4.50 stock equity component and set the per-share offer at $27.75, easing concerns about WBD's cable asset valuation and increasing pressure on rival suitors.
Read at www.independent.co.uk
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