Is Netflix Better Off Without Roku or Warner Bros., or Are Cracks Forming Beneath the Surface?
Companies that get outbid are usually the losers. But maybe not this time.
Overview
To be honest, I was surprised that Netflix (NASDAQ: NFLX) hadn't tried to buy Warner Bros. Discovery (NASDAQ: WBD) years ago. It looked like a perfect match, ripe for the picking, and the perfect strategic move for a company in the maturing streaming market.
But Netflix lost the bidding war to acquire Warner in February, and it reportedly just lost another bid for Roku (NASDAQ: ROKU). That news sent shares of the streaming giant down 3.5%.
Details
Was walking away from these deals the right move for Netflix, or does it show that there are problems beneath the surface?
Source
Originally published at www.fool.com.
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