Netflix rises as Warner Bros board leans toward buyout

Streaming giant Netflix NFLX.O up 1.5% at $96.05 premarket

Warner Bros Discovery WBD.O board likely to opt for Netflix buyout bid, report says

Board could announce decision as early as Wednesday, sources say; expected to advise shareholders against Paramount Skydance's PSKY.O $108.4 bln offer

WBD down 1.1% at $28.57 premarket

Netflix earlier agreed to $27/share cash-and-stock bid for Warner Bros' non-cable assets; Paramount countered with $30/share all-cash bid for entire company

Warner Bros Discovery owns HBO Max, extensive film/TV library including "Harry Potter" and "Friends"

NFLX up 6% this year, as of last close