Warner Bros. Discovery informed Netflix that it had formally recognised Paramount Skydance’s latest all‑cash offer as the superior proposal.
Following that notification, Netflix declined to raise its bid and has effectively withdrawn from the acquisition process.
Netflix will receive a $2.8bn termination fee.
The shares were up 8.5% in after-hours trading.
Our view
HL view to follow.
Netflix key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment.