Netflix stock slips as Paramount presses Warner bid; NFLX earnings loom
Netflix shares fell 0.4% to $90.34 Thursday after Paramount Skydance renewed its bid to buy Warner Bros Discovery and criticized Netflix’s agreed deal for Warner’s assets. Paramount reaffirmed its $30-per-share cash offer, which expires Jan. 21. Warner shares dropped 0.9%, Paramount rose 0.5%. Netflix’s quarterly results are due Jan. 20.