1. WBD's board rejected Paramount's bid, supporting merger with Netflix instead. 2. The Paramount offer lacks value and poses risks for WBD shareholders. 3. WBD claims no regulatory differences between Paramount's bid and Netflix's deal. 4. Board encourages shareholders to back Netflix transaction for greater certainty.
FAQ
Why Very Bullish?
WBD's support for Netflix merger indicates confidence, boosting NFLX's market outlook.
How important is it?
The article highlights significant support for Netflix, which could enhance its market position.
Why Short Term?
Merger developments directly influence NFLX's stock in the immediate future.