Bill Ackman buys Netflix again four years after exit, says it has won the streaming wars
Ackman buys Netflix again, four years later; says it won streaming wars Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Bill Ackman is betting on Netflix again, returning to a stock he abruptly exited about four years ago after a sharp decline in the streaming giant's shares. Ackman's Pershing Square Capital Management disclosed a new position in Netflix in its semiannual report, saying the dominant streaming platform has emerged from the industry's costly battle for subscribers with a leading market position, stronger profit margins and a valuation that has become increasingly attractive after a steep sell-off. "We acquired a position in Netflix, a business we briefly owned in 2022 and have followed closely ever since," Pershing Square said in the report. Netflix shares jumped nearly 4% on Thursday following the disclosure. The investment marks a notable return for Ackman, who built a large...
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