Warner Bros. in Tug-of-War Between Paramount, Netflix

Warner Bros. Discovery (NASDAQ:WBD) stock is back in focus today, after the media giant's board of directors unanimously rejected a $108.4 billion hostile takeover bid from Paramount Skydance (NASDAQ: PSKY), noting the company failed to provide financing assurances. This rejection reaffirmed Netflix Inc's (NASDAQ:NFLX) $72 billion buyout offer as the stronger option.WBD is down 0.4% to trade at $28.79 at last glance, on track for its third-straight daily loss. Nevertheless, the stock still sports a 169% ye ...