00:00It's Benzinga bringing Wall Street to Main Street
00:02Analyst Gary Black said Netflix is likely to prevail in its takeover battle for Warner
00:07Brothers' discovery, citing stronger strategic synergies over rival bitter Paramount Skydance.
00:12In a post on X, Black said he expects Netflix to win the takeover contest,
00:16but noted the company could still recover even if Paramount secures the deal.
00:20Netflix shares fell to a 52-week low of $75.23 on February 12th as selling pressure increased.
00:28Ancora Holdings disclosed a $200 million stake in WBD
00:32and opposed Netflix's $82.7 billion bid in favor of Paramount's $30 per share offer.
00:38Investor sentiment weakened after the Justice Department reportedly launched an antitrust probe
00:43and issued a civil subpoena tied to potential exclusionary conduct by Netflix.
00:48Shares declined 15.34% on a year-to-date basis, according to Benzinga Prodata.
00:54For all things money, visit Benzinga.com.
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