Why Netflix stock is up today: Warner Bros. board seen sticking with Netflix deal
Netflix shares rose 0.4% to $94.19 in midday trading Wednesday as Warner Bros. Discovery signaled it will likely reject Paramount Skydance’s revised $108.4 billion bid, keeping Netflix’s $82.7 billion offer in play. Warner’s board is set to meet next week. Netflix agreed December 5 to buy Warner’s studios and streaming assets in a cash-and-stock deal. Volume topped 10 million shares.