Bill Ackman Unveils Biggest Portfolio Overhaul in Years With Netflix and Visa Bets
Bill Ackman added Netflix, Visa, Mastercard, S&P Global, Intercontinental Exchange, and Alcon in Pershing Square’s biggest portfolio overhaul in years.
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Bill Ackman added Netflix, Visa, Mastercard, S&P Global, Intercontinental Exchange, and Alcon in Pershing Square’s biggest portfolio overhaul in years.
Netflix shares have fallen nearly 50% over the past year as investors reassessed valuation despite continued business growth.
Netflix approved an additional $25 billion share buyback program, signaling a renewed focus on shareholder returns after abandoning a major acquisition plan.
Netflix exited its months-long pursuit of Warner Bros. Discovery after Paramount Skydance submitted a higher $31-per-share offer. Netflix shares jumped more than 10% as investors welcomed the decision and a $2.8 billion breakup fee.
Netflix released new branding tied to Warner Bros., reinforcing expectations around a landmark media acquisition.
A Netflix-funded director was convicted after redirecting $55 million meant for a sci-fi series into crypto trading, stocks, and luxury purchases.
Paramount has launched a hostile $30-per-share bid for Warner Bros. Discovery, surpassing Netflix’s offer as shareholders – not management – prepare to decide the future of the studio.
Netflix has agreed to buy Warner Bros. Discovery for $27.75 per share in a deal valuing the transaction at $82.7 billion. The acquisition includes the Warner Bros. film studio and HBO Max, while WBD’s TV networks will be spun off separately.
Netflix is now the leading bidder for Warner Bros. Discovery, intensifying a high-stakes takeover battle with Paramount Skydance and Comcast.
Netflix has reportedly made a largely cash offer to acquire Warner Bros. Discovery in a deal valued at roughly $59 billion, positioning the streaming giant to gain control of HBO, CNN, and the Warner Bros. film studio.
Netflix shares dropped 7% after missing Q3 earnings due to a Brazil tax charge, though ad sales hit record highs and revenue growth remains strong.