Netflix stock steadies in premarket as it backs Warner Bros deal amid Paramount bid
Netflix shares rose 0.1% premarket after the company reaffirmed its merger deal with Warner Bros. Discovery. Warner Bros.’ board urged shareholders to reject Paramount Skydance’s revised offer, calling the Netflix agreement superior. Warner Bros. Discovery stock gained 0.3%, while Paramount Skydance slipped 1.1%. Investors await regulatory reviews and Netflix’s Jan. 20 earnings report.