Breaking News
AI Stocks Are Pulling Enron-Style Accounting Tricks - Here's the Latest Example
Doug Casey on Why Making $300,000 No Longer Means You're Secure
How CIA Money Becomes USAID Money. Case Study: The Asia Foundation
Lara Logan: A Deep State Coup Is Coming for Trump - Here's the Proof | Redacted
Top Tech News
Build a Greenhouse HEATER that Lasts 10-15 DAYS!
Look at the genius idea he came up with using this tank that nobody wanted
Latest Comet 3I Atlas Anomolies Like the Impossible 600,000 Mile Long Sunward Tail
Tesla Just Opened Its Biggest Supercharger Station Ever--And It's Powered By Solar And Batteries
Your body already knows how to regrow limbs. We just haven't figured out how to turn it on yet.
We've wiretapped the gut-brain hotline to decode signals driving disease
3D-printable concrete alternative hardens in three days, not four weeks
Could satellite-beaming planes and airships make SpaceX's Starlink obsolete?
First totally synthetic human brain model has been realized
Mach-23 potato gun to shoot satellites into space
Why Netflix Buying Warner Bros Would Be A Disaster For America
As we detailed earlier, Netflix and Warner Bros Discovery announced today a $72 billion merger, in a deal intended to consolidate Hollywood into the hands of a streaming giant.
"Our mission has always been to entertain the world," said Ted Sarandos, co-chief executive of Netflix.
He added that the combination of the two entertainment giants together "can give audiences more of what they love and help define the next century of storytelling."
Here's a snapshot of the deal terms:
Each WBD share converts into $23.25 in cash plus $4.50 in Netflix stock
Boards of both companies unanimously approved the transaction
Closing in 12–18 months, pending regulatory review and WBD shareholder approval
Bankers for NFLX: Moelis, Skadden; additional financing by Wells Fargo, BNP, HSBC
Bankers for WBD: Allen & Co., J.P. Morgan, Evercore; legal counsel Wachtell and Debevoise