Netflix stock slips as Paramount challenges Warner deal; CPI and earnings are next
Paramount Skydance on Thursday reiterated that its $108.4 billion, $30-a-share bid for Warner Bros. Discovery trumped Netflix’s $27.75-a-share cash-and-stock deal for WBD’s studios and streaming assets. Netflix shares closed down 1.2% on Friday at $89.46. “But Paramount has a point - fading TV networks aren't appealing to most investors,” Ross Benes, a senior analyst at eMarketer, said.