Ever since its $83 billion deal for the studio, investors have been concerned that the acquisition confuses what has so far been a more focused stock and growth story.
It’s been more than a month since Netflix, run by co-CEOs Ted Sarandos and Greg Peters, agreed to buy Warner Bros. Discovery’s studios and streaming businesses in a megadeal valued at $82.7 billion. Since then, investors have not been able to chill.
After all, David Ellison and his Paramount has continued to fight for WBD by reiterating and strengthening its hostile bid. Paramount even sued WBD on Jan. 12, escalating the showdown, trying to get it to give Paramount’s offer another look, while also threatening to launch a proxy fight for the company.
