Why Netflix Stock Dropped Today
NetflixNetflix(US:NFLX) The Motley Fool·2025-12-09 00:05

A rival is trying to wrestle away a prized acquisition.Shares of Netflix (NFLX 3.49%) fell more than 3% on Monday after Paramount Skydance (PSKY +9.02%) intensified its pursuit of Warner Bros Discovery (WBD +4.35%). Paramount won't go down without a fightOn Friday, Netflix announced it had struck a deal to acquire Warner Bros Discovery's film and television studios, as well as its popular HBO Max streaming service, for $82.7 billion, or $27.75 per share, in cash and stock. Paramount responded on Monday by ...