Netflix stock price ticks up as Warner Bros deal hits crunch time, DOJ scrutiny looms
Netflix shares rose 1.2% to $77.99 as the Justice Department questioned theater chains about its bid for Warner Bros Discovery’s assets. Warner Bros rejected Paramount’s $30-a-share hostile offer but left room for talks, while backing the Netflix deal. Both companies have filed antitrust paperwork and set a March 20 shareholder vote. Paramount faces a Feb. 23 deadline to raise its bid.