Netflix stock slides as Paramount tops its Warner Bros bid, raising the stakes for NFLX
Netflix shares fell 3.3% to $76.02 Tuesday after Warner Bros. Discovery said it was weighing a higher revised takeover bid from Paramount Skydance, challenging Netflix’s $27.75-per-share offer. Warner Bros. set a March 20 shareholder vote on the Netflix deal, compressing the timeline for counterbids.