Someone educate me. I saw in news that Netflix bought Warner for few billions the reporting was shadowing it's a done thing. So how does this Paramount thingy happen. Did Netflix not buy Warner, and Paramount offer is higher means it is still undecided?
Netflix May Lose $90? Short NFLX & Long WBD?
Netflix lost near 15% in two weeks. While institutions upgrades Warner's price target.
As the deal continues to develop, should we be bullish on WBD, bearish on NFLX, or look for an arbitrage opportunity?
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