Warner Bros Stock Slips After Netflix Declines To Raise Offer

Warner Bros. Discovery, Inc. (NASDAQ:WBD) shares are trading lower Friday after Netflix, Inc. (NASDAQ:NFLX) announced that it declined to raise its offer to acquire the company.Warner Bros. stock is showing downward bias. What should traders watch with WBD?Netflix Declines To Match Paramount Skydance BidIn a statement from co-CEOs Ted Sarandos and Greg Peters, Netflix said it would not match the revised bid."The transaction we negotiated would have created shareholder value with a clear path to regulatory a ...