Warner Bros Discovery jumps on Netflix takeover talks; Netflix dips

Warner Bros Discovery shares rise 4.3% premarket after reports Netflix in exclusive talks to buy co's assets

NFLX in exclusive talks to buy WBD's film and TV studios and streaming assets for $28/share, mostly in cash

Netflix, which emerged as the top bidder, made a mostly cash offer, Reuters has previously reported

NFLX shares dip 0.6%

Offer compares with WBD's Thursday close of $24.54 and beats Paramount's earlier bid of about $24/share

Bloomberg report says Netflix offered $5 bln breakup fee if regulators block deal; announcement could come within days

Paramount reportedly accused WBD of running an unfair sale process favoring Netflix, CNBC reports

PSKY shares down ~1%