Netflix Walks Away From Warner Bros. Bid, Shares Surge

Netflix (NASDAQ: NFLX) has declined to raise its offer for Warner Bros. Discovery (NASDAQ: WBD), effectively conceding the media giant to a rival bid from Paramount Skydance (NASDAQ: PSKY), according to market sources. The decision triggered a 13% surge in Netflix shares during after-hours trading, as investors applauded the streaming pioneer’s restraint amid escalating deal […] The post Netflix Walks Away From Warner Bros. Bid, Shares Surge appeared first on the deep dive.