Netflix stock rises as CEO knocks Paramount’s Warner bid — what Feb. 20 could mean for NFLX
Netflix shares rose 3.1% to $86.12 Friday as co-CEO Greg Peters dismissed Paramount’s bid for Warner Bros Discovery, calling it unconvincing. Paramount extended a $30-a-share hostile offer while warning Warner shareholders the Netflix cash payout could fall to $21.40 per share due to debt adjustments. Netflix switched to an all-cash bid this week and paused buybacks to fund the deal.