Netflix Stock Surges - Acquisition Bid Abandoned

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2026-03-18 20:38:13 -

The stock market appears to be celebrating Netflix's decision to abandon its acquisition attempt of Warner Bros. Discovery. Following Netflix's announcement that it would not raise its bid after Warner Bros. Discovery's board deemed Paramount Skydance's revised proposal "superior," the streaming company's shares surged almost 10% during after-hours trading, climbing above $92. Earlier on...

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