Warner Bros slides ahead of takeover deadline
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Warner Bros shares fell 0.04% to $28.79 as the January 21 takeover deadline approaches, with investors assessing competing bids from Netflix and Paramount Skydance. Paramount's $30 cash offer, backed by Larry Ellison, is seen as credible, while Netflix's offer of $23.25 in cash and stock is favored by Warner Bros' board. Regulatory scrutiny looms over any consolidation in the media sector, and Warner Bros' significant debt complicates the situation. Market sentiment remains cautious, with analysts noting muted trading volumes ahead of Netflix's Q4 results on January 20.
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