Paramount odds are rising to close the Warner Bros deal.
Wall Street and prediction markets expect Netflix to pull back after Paramount raised its offer.
Paramount Skydance increased its bid to $31 per share, including a $2.8B breakup fee for Netflix.
$NFLX shares jumped nearly 6% to $82.70. Paramount Skydance fell 2%. Warner Bros slipped 0.9%.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Paramount odds are rising to close the Warner Bros deal.
Wall Street and prediction markets expect Netflix to pull back after Paramount raised its offer.
Paramount Skydance increased its bid to $31 per share, including a $2.8B breakup fee for Netflix.
$NFLX shares jumped nearly 6% to $82.70.
Paramount Skydance fell 2%.
Warner Bros slipped 0.9%.