Netflix-Backed TCM Twist Rewrites WBD Bid Dynamics
Turner Classic Movies could remain under Netflix if Netflix wins Warner Bros. Discovery, adding a new wrinkle to a crowded bid landscape. In tandem, Discovery Global is valued at about $6.86 per WBD share and projected to generate roughly $17 billion in revenue and $5.4 billion in adjusted earnings, a mix that helped trigger a small dip in WBD shares. Analysts show a Moderate Buy on WBD with a average target around $25.61, signaling potential upside or continued volatility depending on the deal outcome.