Netflix stock dips after Warner rejects Paramount bid, with earnings two weeks away
Netflix fell 0.3% to $90.42 after Warner Bros Discovery urged shareholders to reject Paramount Skydance’s $30-per-share bid and back Netflix’s $27.75-a-share agreement. CFRA downgraded Netflix to “Hold,” citing risks from the Warner deal, which could raise debt and face lengthy regulatory review. Warner shares rose 0.2%, Paramount Skydance dropped 0.5%. Netflix reports earnings Jan. 20.