Netflix stock price jumps on Warner Bros exit — what to watch when markets reopen
Netflix shares jumped 13.8% to $96.24 after the company withdrew from the bidding war for Warner Bros Discovery, securing a $2.8 billion termination fee. Paramount Skydance will acquire Warner Bros in a $110 billion deal. Netflix cited the rival’s $31-per-share bid as too high. Investors await Netflix’s next moves as its CFO speaks at a conference March 4.