Closing Bell: Warner Bros Closes Higher on Competing Bids, Nvidia Gains, Netflix Down
On this episode of Stock Movers: - Warner Bros Discovery (WBD) closed 4.42% higher after it received a hostile takeover bid from Paramount Skydance for $30 a share in cash on Monday, just days after the company agreed to a deal with Netflix. The offer values Warner Bros. at $108.4 billion, including debt. The bid compares with Netflix’s offer of $27.75 in cash and stock. Paramount’s offer is for all of Warner Bros., while Netflix is interested only in the Hollywood studios, HBO and the streaming business. - Nvidia (NVDA) finished with a gain of 1.7%, after Semafor reports that the…
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