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Congressman Buys Netflix Stock
A member of Congress bought Netflix stock shortly before the streaming giant announced a deal to acquire Warner Bros. Discovery assets.
Wall Street is starting to wonder if shares are oversold, even as the Warner Bros. Discovery takeover saga drags on.
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Why Netflix Stock Dropped Today
On Friday, Netflix announced it had struck a deal to acquire Warner Bros Discovery's film and television studios, as well as its popular HBO Max streaming service, for $82.7 billion, or $27.75 per share, in cash and stock.
Netflix stock is falling Monday after Paramount challenged the streaming service's winning bid for parts of Warner Bros. Discovery, Inc.
Netflix announced an $82.7 billion purchase of Warner Bros Discovery last week. The news sent the streaming giant's share price tumbling. In just five trading d
Netflix's $82.7 billion deal to buy parts of Warner Brothers Discovery could sink $NFLX by 2030. But shares could pop 125% if Netflix achieves its deal goals.
Netflix's ongoing content success, now including games and live content, leads 24/7 Wall St. to project huge upside for the stock by 2030.
Netflix is paying $27.75/share to Warner Bros. Discovery for its film studios, including Warner Bros., as well as HBO and HBO Max. Netflix's accepted offer values the WBD equity at $72 billion, or about $82.7 billion, including debt.
Netflix's stock rose slightly after it announced a deal to acquire Warner Bros. Discovery's studios and HBO Max -- while investors pushed WBD stock to its highest levels in more than three years.
A Louisiana congressman quietly purchased six figures worth of stock in Netflix just weeks before the streaming giant announced its massive acquisition deal with Warner Bros.
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