Netflix stock edges up after report it may go all-cash on Warner Bros assets
Netflix shares rose 1% in after-hours trading after reports it may switch to an all-cash bid for Warner Bros Discovery’s studios and streaming units, challenging Paramount Skydance’s $30-a-share cash offer. Warner Bros’ board urged shareholders to reject Paramount’s bid, citing higher costs and debt risks. Paramount’s tender offer expires Jan. 21. Warner Bros shares closed up 1.7% at $28.86.