Such a public battle could have left everyone involved bruised. But investors seem to have decided that no one lost, rewarding all three companies. Least surprising was the 12% leap in Netflix’s stock price on news of the deal. Wall Street had thought all along that WBD was an overpriced acquisition. (Netflix would have paid $83 billion to WBD.) Investors were glad to see the streamer put aside its ambition of owning the traditional Hollywood studio. As for WBD itself, investors clearly felt Paramount was paying a decent price for the entire company. On news of the deal, WBD stock barely budged; it was almost exactly where it had been in December when the whole fray began.
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The ghost of Vector lives on. Tucson, Arizona-based satellite and rocket developer Phantom Space, co-founded by Jim Cantrell in 2019, has acquired the remnants of Vector Launch, Space News reports. The announcement is notable because Cantrell left Vector as its finances deteriorated in 2019. Cantrell said some of the assets, comprising flight-proven design elements, engineering data, and other technology originally developed for Vector, will be immediately integrated into Phantom’s Daytona vehicle architecture to reduce development risk.