Wall Street Processes Netflix-WB Deal: WBD Stock Up Slightly, Paramount And Netflix Shares Slump

Wall Street has begun rendering its verdict, at least in the short term, on Netflix‘s $82.7 billion deal to acquire Warner Bros. As is typical of acquisitions, the stock of the buyer lost ground by mid-day Friday, slipping 3% to just below $100, while the party being (mostly) acquired, Warner Bros. Discovery, gained ground. WBD’s 5% rise was not stratospheric, but the shares had already doubled since reports started circulating in September that the company could be sold, meaning that much of the premium w ...