Netflix stock jumps 6% on Warner bid twist — what investors watch next
Netflix shares jumped nearly 6% to $82.71 after Warner Bros. Discovery’s board said Paramount Skydance’s $31-per-share cash bid could lead to a superior offer, intensifying the bidding contest. Paramount’s proposal includes a ticking fee and would cover Warner’s $2.8 billion breakup fee to Netflix. Eleven state attorneys general urged the Justice Department to review the Netflix-Warner deal for antitrust concerns.