Netflix Stock Falls as $72B Warner Bros Deal Draws Scrutiny

Netflix Inc (NASDAQ:NFLX) unveiled a $72 billion deal on Friday to buy Warners Bros Discovery (WBD) -- including its film studios, HBO, and HBO Max -- pending regulatory approval. The definitive agreement is already drawing scrutiny, however, with President Donald Trump noting it could be problematic due to the “very big market share” it would give Netflix. In response, Rosenblatt Securities and Pivotal Research downgraded NFLX from "buy" to "neutral" and "hold," respectively, with at least four price-targe ...