2023-06-21 13:47:17 ET
- Paramount Global ( NASDAQ: PARA ) quickly rose 2% amid a report that Netflix ( NASDAQ: NFLX ) has looked at purchasing the media company for its movie studio.
- Netflix ( NFLX ) also looked at MGM before Amazon ( AMZN ) purchased it for $8.5 billion, according to a Business Insider report that took a deep-dive into the streaming giant's M&A strategy. The long story cited people familiar with Netflix's strategy.
- The Business Insider item didn't say when Netflix ( NFLX ) looked at Paramount ( PARA ) or if it was still interested.
For further details see:
Paramount gains on report Netflix explored acquisition at some point