With a loud chorus of naysayers to the announced $82.7 billion merger between Netflix and Warner Bros. Discovery’s studio and streaming assets, including actress Jane Fonda, co-star of the streamer’s acclaimed sitcom “Grace and Frankie,” who called the deal “catastrophic,” a Wall Street analyst said he believes the deal has zero chance of making it … Continue reading "Analyst Says Netflix/WBD Asset Merger Has ‘Zero Chance’ of Closing"
“an analyst says” has to be the “random twitter user x says” of financial reporting. I bet you find an analyst confirming any random claim, if you just look long enough. And he even goes as far as making the claim zero chance, rather than “unlikely”. But I guess that wouldn’t have made for a good quote.
My counter argument to any such claims: Netflix and their presumably competent and informed army of lawyers and financial advisors felt comfortable including a $5.8b breakup fee as part of the deal.
Somehow I don’t think rich people are in the business of betting such amounts on zero chance deals.