Warner Bros Discovery jumps after Reuters report of Netflix takeover interest
ReutersOct 30, 2025 11:00 PM
Warner Bros Discovery's WBD.O shares rise 4.6% to $22.67 in extended trading
Netflix NFLX.O is actively exploring a bid for WBD's studio and streaming business, retaining a financial adviser and gaining access to financial information, Reuters reports, citing three sources familiar with the matter
The video streaming service has hired Moelis & Co, the investment bank that advised Skydance Media on its successful bid for Paramount Global, to evaluate a prospective offer — report
Last week, WBD board rejected a nearly $60 billion offer from Paramount Skydance PSKY.O — report
As of last close, stock has more than doubled this year
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