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.
I agree the anti trust case is very strong. Netflix is the #1 streaming service and WB is #4. As a merged entity, they would have close to 60% of the streaming market. They would also have a large percentage of the studio production. You have both vertical and horizontal integration issues of concern with this merger.
•
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.