Netflix stock flat as Warner deal fight widens; NFLX traders eye the next dates
Netflix barely budged on Friday, tacking on just 0.05% to trade at $75.90 after a Reuters story broke about Paramount Skydance holding talks with hedge funder Matthew Halbower. The focus: pushing for a possible boardroom showdown at Warner Bros Discovery, with the goal of blocking any deal between Warner and Netflix. Halbower, who runs Pentwater Capital and owns roughly 50 million Warner shares, said, “I want the board of Warner Bros to exercise their fiduciary duties and negotiate with Paramount.” Warner Bros and Netflix didn’t immediately comment.
