Why Shares of Netflix Are Sinking After the Company Announced a Huge Acquisition

Shares of the streaming giant Netflix (NASDAQ: NFLX) had fallen nearly 3.7%, as of 1:52 p.m. ET today. The company sent shockwaves through the market after it announced what would be an industry-rattling acquisition, if approved.Netflix announced this morning that it has entered into an agreement to acquire Warner Bros Discovery (NASDAQ: WBD) for an enterprise value of $82.7 billion, $72 billion of which represents the equity value. The deal includes the assets of HBO and HBO Max. Shares of Warner Bros surged 5.4% higher, as of this writing.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool