Netflix Stock (NFLX) News Today — Dec. 21, 2025: Warner Bros. Deal Battle, Analyst Forecasts, and What Investors Watch Next
Netflix last closed at $94.39 per share on Dec. 21, 2025, following a 10-for-1 stock split, giving it a market cap of about $431 billion. The company agreed to acquire Warner Bros. Discovery—including HBO and HBO Max—for $82.7 billion, while Paramount Skydance made a rival $30-per-share bid. Warner’s board recommended shareholders back Netflix’s offer. Regulatory scrutiny is expected.