NYSE:PARA 10 December 2025 - 26 February 2026

Netflix shares rose 1.3% to $83.75 by 11:00 a.m. ET Thursday, following a 6% jump Wednesday as investors tracked its $82.7 billion bid for Warner’s studio and streaming assets. Paramount Skydance has countered with a $31-per-share offer and a $7 billion breakup fee. Political and regulatory scrutiny is intensifying ahead of Warner’s March 20 shareholder vote. Warner reported a 6% revenue drop but HBO Max added 3.5 million subscribers.

Netflix shares closed near $94 Friday after news of its proposed $72 billion acquisition of Warner Bros. Discovery’s studios and streaming assets. Paramount Skydance launched a hostile bid for all of WBD, complicating the deal. Regulatory scrutiny intensified after former President Trump indicated involvement in the review. A consumer class action has also been filed to block the merger.

Netflix shares traded near $94.79 Thursday as the company pursues a $72 billion deal for Warner Bros. Discovery’s Streaming & Studios assets. Warner’s board rejected a rival offer from Paramount, backing Netflix’s bid. Hedge fund Standard General is in talks to buy WBD’s cable networks, including CNN, which are excluded from the Netflix deal.