US stocks react abnormally | Netflix (NFLX.US) drops more than 3%, rumored to be interested in acquiring Warner Bros. Discovery.
According to the Wise Finance app, on Friday, Netflix (NFLX.US) dropped more than 3% to $1120.96. On the news side, according to media reports citing sources, Paramount (PSKY.US), Comcast (CMCSA.US), and Netflix are preparing to bid for Warner Bros. Discovery (WBD.US), with non-binding preliminary offers expected to be submitted before November 20th. Paramount, supported by David Ellison, Larry Ellison, and RedBird Capital Partners, is seeking to acquire the entire Warner Bros. Discovery company, with its latest offer of $23.50 per share representing a premium of nearly 90% over the stock price before news of the acquisition interest.
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