Ross Gerber Calls Warner Bros 'Dog Asset' Worth No More Than $15: Says Netflix, Paramount Are Both 'Vastly Overpaying' In Bidding Frenzy - Netflix (NASDAQ:NFLX)
Investor Ross Gerber of Gerber Kawasaki Wealth and Investment Management is not a fan of the bidding frenzy surrounding entertainment conglomerate Warner Bros Discovery Inc. (NASDAQ:WBD) , and warns that buyers are significantly overvaluing the company. Warner Bros Is A ‘Dog Asset’On Tuesday, Gerber said that he initially assumed Netflix Inc. (NASDAQ:NFLX) had stepped into the deal mainly to push up the price for Paramount Skydance Corp. (NASDAQ:PSKY) , which he noted is rapidly becoming a serious competito ...