NASDAQ:WBD 7 February 2026 - 28 February 2026

Netflix shares are set for Tuesday’s open with fresh attention on its Warner Bros Discovery play. A new report indicates Warner’s board is considering reviving talks with Paramount Skydance, a rival bidder. https://www.reuters.com/business/media-telecom/warner-bros-weighs-reopening-sale-talks-with-paramount-bloomberg-news-reports-2026-02-15/

On Tuesday, Paramount Skydance bumped up its hostile $30-a-share offer for Warner Bros. Discovery, tacking on a “ticking fee”—basically, more cash the longer the acquisition drags on. The company also said it would cover the breakup fee that WBD would have to pay Netflix if it backs out of that agreement.

Netflix, Inc. shares jumped 3.1% to $84.00 in morning action Tuesday, following an $81.47 close the previous day. Investors digested a new development in the Warner Bros. Discovery battle. Warner Bros. Discovery advanced roughly 1.8%. Paramount Skydance added 1.4%.

Netflix shares dropped 2.1% to $80.44 late Monday morning, as the streaming company’s proposed acquisition of Warner Bros Discovery assets faces increased scrutiny from U.S. regulators. The move continues a volatile stretch for Netflix.