1. WBD board rejected Ellisons' $30 offer for a $27.75 Netflix deal. 2. Ellisons claim their bid values WBD's cable assets more favorably than Netflix. 3. Larry Ellison's financing for the deal raises concerns about foreign influence. 4. WBD's stock has surged 150% amid the bidding war between Ellisons and Netflix. 5. Ellisons accuse WBD of not giving their offer a fair hearing.
FAQ
Why Bullish?
Despite competitive offers, WBD's stock has risen significantly, driven by bidding tensions.
How important is it?
The direct competition for WBD raises investor interest and speculation, impacting stock valuation.
Why Short Term?
The ongoing bidding war could influence WBD’s short-term price amidst volatility in offers.