Netflix stock price faces a fresh test after holiday as Warner deal fight sharpens
Netflix shares rose 1.33% to $76.87 Friday, rebounding after a sharp drop as Paramount intensified its challenge to Netflix’s Warner Bros. deal with new hires and potential board moves. Paramount named Rene Augustine as SVP of global public policy and held talks with hedge fund manager Matthew Halbower about a possible Warner board seat. U.S. markets are closed Monday for Washington’s Birthday.