"Why are you doing this deal?"
"They worry about your multiple. They worry about what it says about how you view your own ability to grow and that your multiple, therefore, will take a hit longer-term here as you integrate this. They worry about integration."
"I think we're in the business of doing things that we've never done before and learning how to do them well,"
"We looked at this and we said, 'Hey, you know, it's probably irresponsible for us not to actually bid on this and bid on it in a disciplined way,'"
Netflix Co-CEO Greg Peters defended the company's bid for most Warner Bros. Discovery assets amid investor skepticism. Warner Bros. Discovery reaffirmed preference for Netflix's $27.75-per-share offer for most assets rather than Paramount's $30-per-share bid for the entire company. Netflix's market value slid from over $500 billion to about $437 billion as the share price fell from $124 to roughly $95. Investors expressed concerns about a lower valuation multiple, integration challenges, and doubts about relying on acquisition-driven growth versus organic expansion. Netflix framed the acquisition as a disciplined, necessary evolution and emphasized willingness to tackle unfamiliar large-scale deals.
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