Warner Bros. Bidders Are Having a Rough Time
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Is that all, folks?The 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.