Warner Bros. Discovery (WBD) Gains Spotlight Amid Netflix Takeover Bid

Warner Bros. Discovery Inc. (NASDAQ:WBD) ranks among the best high growth stocks to buy now. On December 5, Benchmark reaffirmed its Buy rating and $25 price target for Warner Bros. Discovery Inc. (NASDAQ:WBD) stock, as Netflix presents a $27.75 bid price for the company. Analyst Matthew Harrigan highlighted that the firm’s 2026 sum-of-the-parts projection had been $28, though the Netflix deal may push the value past $30 after factoring in a heavily indebted Discovery Global Networks spin-off.

Despite major regulatory, judicial, and political difficulties, the analyst believes Warner Bros. Studio and HBO Max are a “remarkably positive fit” for Netflix. These problems were emphasized by Paramount Skydance’s “aggressive letter” and the Directors Guild of America’s declaration, which expressed concerns about potential effects on theatrical production and talent rivalry. Moreover, Paramount is preparing an all-cash offer of $30 per share to Warner Bros. Discovery Inc. (NASDAQ:WBD) shareholders. That’s the same deal WBD rejected earlier, with an enterprise value of $108.4 billion.

Benchmark also cited allegations, including one from The New York Post, that the DOJ’s antitrust division may start a “comprehensive multiyear investigation” into Netflix should it win the bidding war, with antitrust claims mainly reliant on streaming sector segmentation.

Warner Bros. Discovery Inc. (NASDAQ:WBD) is a media and entertainment company that is divided into three segments: DTC, Studios, and Network. Additionally, it provides content via a number of distribution channels.

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Disclosure: None. This article is originally published at Insider Monkey.