Netflix to Acquire Warner Bros

Not sure how many of you have WBD shares with its rather tumultuous past (spin off from ATT, the Bill Hwang mess), but if you've picked up shares on the cheap in the past few years sub $10, congratulations.

"Under the terms of the agreement, each WBD shareholder will receive $23.25 in cash and $4.501 in shares of Netflix common stock for each share of WBD common stock outstanding at the closing of the transaction. "

WBD price at this moment is just $25.28. I think there are some complicated conditions associated with the terms.

The exchanges are also closed.