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00:02Netflix stock fell Monday, hitting a fresh 52-week low as investors weighed failed media
00:08acquisition efforts and questions about the company's strategic direction, according to
00:12Benzinga. Semaphore reported on June 16 that Netflix lost a $22 billion bidding contest for
00:19Roku to Fox. Netflix also previously pursued Warner Brothers' discovery and remains among
00:24several companies interested in Lionsgate Studios. Co-CEO Ted Sarandos said the Warner
00:29process helped Netflix build its M&A muscle, and that leadership walked away when the cost
00:34exceeded shareholder value. Futurum Equity's Shea Belor called the pullback a buying opportunity,
00:40citing revenue growth, operating income growth, improved retention, and pricing power.
00:45Shares were down by 4.55% at $73.86 in Tuesday's pre-market trading, according to Benzinga Pro.
00:53For all things money, visit Benzinga.com.
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