Netflix is set to release a FIFA soccer simulation game exclusively on its gaming platform in summer 2026, timed to coincide with the World Cup, the streaming giant said Wednesday.
Warner Bros. is telling shareholders of the company that it believes a $72 billion buyout offer from Netflix is superior, and to reject a hostile takeover bid from Paramount Skydance.
The biggest entertainment deal in history promises more drama.
Analysts at Jefferies remain positive on Netflix Inc (NASDAQ:NFLX, XETRA:NFC) amid reports of growing likelihood for a Warner Bros Discovery Inc (NASDAQ:WBD, XETRA:J5A) acquisition. The optimism comes as WBD's board reportedly plans to ask shareholders to reject a $30-per-share takeover bid from Paramount Skydance (PSKY).
Wall Street banks stand to gain $225 million from Warner Bros. Discovery's sale process.
Netflix on Wednesday said it will add a soccer simulation title to its gaming portfolio, as the streaming giant looks to leverage the FIFA World Cup 2026 tournament to deepen its video game push.
Paramount Skydance's hostile bid for Warner Bros. Discovery appeared to be on shakier ground Wednesday, after the Warner Bros.
Shares of video streaming platform Netflix (NASDAQ:NFLX) now find themselves down close to 30% from their all-time highs, thanks in part to a tough third-quarter result and reports that the firm is in the running to acquire Warner Bros.
The Netflix-Warner Bros. tie-up is moving forward, despite a hostile bid from Paramount Skydance.
Warner Bros Discovery's board rejected Paramount Skydance's $108.4 billion hostile bid, saying it failed to provide adequate financing assurances, in a blow to the David Ellison-run company's ambitions to grow its media empire.
Warner Bros. Discovery's board says shareholders should reject Paramount Skydance's bid.
Netflix is upgraded to a buy after a previous sell, driven by improved financials and a more attractive valuation. At ~$850, NFLX previously traded at 47x earnings, but relative valuation and fundamentals now signal a buy opportunity. My refined investment approach now treats valuation as complementary, prioritizing both quantitative and fundamental business metrics.