Netflix says its all-cash offer to buy Warner Brothers Discovery could be voted on by WBD shareholders in just a few months

Netflix says its all-cash offer to buy Warner Brothers Discovery could be voted on by WBD shareholders in just a few months

Netflix shares fell more than five percent on Tuesday as the streaming entertainment giant said it expected revenue to be essentially flat in the current quarter after years of growth.

Netflix posted profit of $2.4 billion on revenue of $12 billion in the final three months of last year, and forecast taking in $12.1 billion in revenue this quarter.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.