Gene Munster, manager partner at Deepwater Asset Management, said that buildout was likely to continue for a long time.
It’s just the latest twist in the acquisition saga, which started with a bidding war that reportedly also involved Apple, Amazon, and Comcast. Once Netflix and Warner Bros. came to an agreement on December 5th, Paramount tried to force its way into the deal, announcing a hostile bid worth $108.4 billion in cash. Unlike Netflix’s deal, Paramount’s includes an acquisition of all of Warner Bros. Discovery, including its cable networks.
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Pakistan has bombed major cities in Afghanistan including the capital, Kabul, with Islamabad’s defence minister declaring that the hostile neighbours were in a state of “open war” as a cycle of retaliatory attacks escalated further.
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