Nov. 24 at 9:45 PM
$NFLX For Netflix: The bid for only a part of WBD is defensive. The overlap in streaming subscribers makes this look like a defensive move rather than a growth play. It’s high-risk, with questionable synergies.
The gain in IP will not generate long term growth.
NFLX should maintain their current strategy.
Once NFLX drops out of the race, the stock will rebound aggressively.
If for some miracle NFLX buys part of WBD and their debt, expect NFLX to fall below
$60 per share.