Netflix (NFLX) co-CEO Greg Peters said the company is on track to win the backing of Warner Bros. (WBD) shareholders for its $82.7B offer for the company, Daniel Thomas and Christopher Grimes of The Financial Times reports. In an interview wiht the Times, Peters said Paramount’s (PSKY) bid “doesn’t pass the sniff test” and only a “very small” number of Warner Bros. shares have been tendered in support of Paramount’s hostile $108B offer.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NFLX:
- Netflix Stock (NFLX) Holds as CEO Talks Up Warner Deal amid Paramount Proxy Fight
- “Inferior Scheme”: Warner Bros. Discovery Stock (NASDAQ:WBD) Slips as Warner Claims Huge Paramount Rejection
- Mixed options sentiment in Netflix with shares down 2.41%
- Why Paramount Skydance Stock (PSKY) Rallied Today
- Netflix price target lowered to $110 from $141 at Argus