Netflix Moves Closer to Warner Bros. Discovery Acquisition with Scheduled Vote

Warner Bros. Discovery (WBD) has scheduled a shareholder vote for March 20 to approve a $82.7 billion acquisition bid from Netflix, following the rejection of a rival offer from Paramount-Skydance.

• Netflix shares remained stable at $76.96 (+0.12%) as investors evaluate the acquisition of premium IP against a projected $59 billion debt load.
• Analysts at Pivotal Research and MoffettNathanson lowered price targets, citing potential integration risks and the deal's impact on the balance sheet.