Netflix stock at $86: ‘Sniff test’ jab keeps NFLX in play before Monday
Netflix shares closed up 3.1% at $86.12 Friday as investors tracked its $82.7 billion all-cash bid for Warner Bros Discovery. Co-CEO Greg Peters dismissed Paramount Skydance’s rival offer. Netflix halted buybacks and secured a $67.2 billion bridge loan for the deal. Warner filed a preliminary proxy with the SEC, aiming for a shareholder vote by April.