Netflix CEOs defend Warner Bros. deal
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Warner Bros Discovery’s debt machine puts buyers to the test
Warner Bros Discovery sits on roughly $35 billion in debt, turning its blockbuster takeover fight into a high-risk balance-sheet gamble for Paramount, Netflix, and investors.
Wondering if Warner Bros. Discovery is still a bargain after its huge run up, or if the easy money has already been made? Let us walk through what the current share price is really implying about the company.
Warner Bros. has a history of disastrous mergers and acquisitions. Can they avoid another bad sequel as Netflix and Paramount battle to buy it?