Netflix stock barely moves as Paramount lawsuit intensifies fight over Warner deal
Paramount Skydance sued Warner Bros Discovery and launched a $30-per-share tender offer to block Warner’s $82.7 billion deal with Netflix, which values Warner assets at $27.75 per share. Netflix shares were flat at $89.44 Tuesday, while Warner fell 0.3% and Paramount Skydance slipped 0.5%. Warner’s board called the Paramount bid inferior and warned of a $2.8 billion termination fee if the Netflix deal collapses.