, Columnist
Warner Bros. Bidders Are Having a Rough Time
Is that all, folks?
Photographer: Myung J. Chun/Los Angeles TimesThe dueling suitors for Warner Bros. Discovery Inc. have had a rough week. Will this rule out an auction? Don’t count on it.
Netflix Inc.’s shares have slid further, to sit nearly 25% below where they were before its interest in Warner emerged. Oracle Corp., the source of wealth for the rival party, the Ellison family, tumbled to take its peak-to-trough fall to nearly 40%. The hits are worth roughly $100 billion and $360 billion respectively.