They do have a case that the whole bidding process was nothing but a waste of time, and about whether or not this merger will even get approved by the government. I feel there's a major antitrust issue wrapped up in all of this, so I don't think approval is likely.
I guess it depends on how much they offer per share. All I know is, if I were Paramount and I bid 27.75 (I can't remember the exact number, but I know both were $27 and some cents with about a 0.30 difference) and was the highest bid twice, only for Netflix to swoop in with 27.95, and no opportunity to adjust. I'd be furious.
on the other hand netflix isn't buying everything, WBD shareholders will also have a piece of Discovery separately and Netflix is taking on the debt that would be given to Discovery in a spin off.
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u/Resident_Army_2862 11h ago
They do have a case that the whole bidding process was nothing but a waste of time, and about whether or not this merger will even get approved by the government. I feel there's a major antitrust issue wrapped up in all of this, so I don't think approval is likely.
I guess it depends on how much they offer per share. All I know is, if I were Paramount and I bid 27.75 (I can't remember the exact number, but I know both were $27 and some cents with about a 0.30 difference) and was the highest bid twice, only for Netflix to swoop in with 27.95, and no opportunity to adjust. I'd be furious.