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Netflix Stock Rises After Warner Bros Gets Fresh Offer From Paramount - Netflix (NASDAQ:NFLX)
Netflix (NASDAQ: NFLX) shares rose in extended trading after Warner Bros. Discovery (NASDAQ: WBD) received a potentially “superior proposal” from Paramount Skydance (NASDAQ: PSKY). The new offer from Paramount Skydance is for $31 per share in cash, significantly higher than Netflix’s original offer of $27.75 per share, and includes substantial termination fees. Warner Bros. Discovery will now evaluate Paramount Skydance’s revised proposal against Netflix’s existing merger agreement.