Overview
- Disclosures released Thursday and Friday detail nearly 200 transactions between Nov. 14 and Dec. 19, totaling about $100 million in municipal and corporate bonds.
- Purchases included corporate bonds of Netflix and Warner Bros. Discovery’s Discovery Communications LLC, with two Netflix tranches on Dec. 12 and 16 valued at $250,000 to $500,000 each.
- The Netflix–WBD proposal announced Dec. 5 values the deal at $82.7 billion, offering $27.75 per WBD share split between cash and Netflix stock, plus a stake tied to a separated Discovery Global unit.
- Paramount has lodged a hostile $108.4 billion bid and filed legal action seeking disclosure of details on the Netflix offer and the valuation of Discovery Global.
- Separately, Netflix announced a multiyear global licensing agreement with Sony Pictures that will bring SPE films to Netflix worldwide after their theatrical and home-entertainment runs.