This relating to the Warner Bros/Netflix/Paramount Skydance bidding war.
Now I don't know all the details but from what I was told is that Netflix can't raise their hypothetical counterbid to $35 because shareholders are not enthusiastic about getting WB.
Is there any truth to this? I've been told but at the same time I don't think it's not really super clear ro me especially with all that's going on or waiting me into asking this question on why did Netflix even want to pursue Warner Bros if there was going to be problems with acquiring Warner Bros, either from regulators or Paramount being stingy about Warner Bros so much that they are launching a hostile takeover and to get Warner Bros to accept their "SUPERIOR" offer?
This entire thing is driving me up the wall to where I guess I want to know if Netflix shareholders don't really approve acquisition of Warner Bros meaning Netflix isn't going to raise their bid to $35 Paramount does it.
Some people treat this like it's a fact but others kind of come off like it's a no or a unsure thing.