Why Shares of Netflix Are Sinking After the Company Announced a Huge Acquisition
The Motley Fool·2025-12-05 18:53Netflix announced this morning that it plans to acquire Warner Bros Discovery, the parent company of HBO and HBO Max.Shares of the streaming giant Netflix (NFLX 2.65%) had fallen nearly 3.7%, as of 1:52 p.m. ET today. The company sent shockwaves through the market after it announced what would be an industry-rattling acquisition, if approved.Major consolidation of the streaming industryNetflix announced this morning that it has entered into an agreement to acquire Warner Bros Discovery (WBD +5.48%) for an e ...