Netflix To Buy Back $25 Billion Stock Amid WBD Paramount Merger Talks — Report
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(Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images)
Netflix recently set its sights on a new financial objective, authorizing a buyback of $25 billion in stock to boost the share price. This comes after the streaming giant bowed out of the tense, competitive bidding war to acquire some of Warner Bros. Discovery‘s assets earlier this year. The streaming giant’s exit paved the way for rival company Paramount Skydance to proceed with its own merger talks.
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Netflix recently set its sights on a new financial objective, authorizing a buyback of $25 billion in stock to boost the share price. This comes after the streaming giant bowed out of the tense, competitive bidding war to acquire some of Warner Bros. Discovery‘s assets earlier this year. The streaming giant’s exit paved the way for rival company Paramount Skydance to proceed with its own merger talks.
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