00:00It's Benzinga, bringing Wall Street to Main Street
00:02Netflix has the financial capacity to raise its $27.75 per share offer for Warner Bros. Discovery,
00:09according to Reuters. The streaming giant offered $27.75 per share for Warner Bros.
00:16Studio and streaming assets, valuing them at $82.7 billion. Paramount submitted a $108.4
00:23billion bid for the entire company, including Discovery Global and cable networks such as
00:28CNN and HGTV. Warner Bros. is preparing for a March 20th shareholder vote on Netflix's offer
00:34and has given Paramount one week to submit a stronger proposal. Netflix shares were down
00:390.96% at $77.24 at the time of publication on Thursday. The stock is near its 52-week
00:47low of
00:48$75.23, according to Benzinga Pro. For all things money, visit Benzinga.com.
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