Netflix Stock News

Paramount on Monday launched a hostile takeover bid for Warner Bros. Discovery, initiating a potentially bruising battle with Netflix for the company behind HBO, CNN and DC Studios, and the right to reshape much of the nation's entertainment landscape.

The two companies have complementary strengths that may make the whole bigger than the parts.

The crowning of Netflix as the new King of Hollywood after the Warner Bros. Discovery sweepstakes might be premature as Paramount Skydance has now launched its own hostile takeover bid.

Netflix stock has doubled over the past five years, and it could repeat that performance. The pending deal to acquire Warner Bros.

Netflix stock slid Monday as Wall Street analysts weighed the challenges of its pending acquisition of Warner Bros.

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.

Paramount Skydance (NASDAQ:PSKY) has made an all-cash offer to acquire Warner Bros. Discovery Inc (NASDAQ:WBD, XETRA:J5A) in a move directly challenging a previously announced deal with Netflix Inc (NASDAQ:NFLX, XETRA:NFC).

Comcast wasn't a leading contender for Warner Bros. streaming and studio assets, its president said.