Netflix Moves Higher; Frontier Soars; Lennar Declines
On this episode of Stock Movers:- Shares of Netflix (NFLX) moved higher in premarket trading as Warner Bros. Discovery plans to reject Paramount Skydance’s takeover bid due to concerns about financing and other terms, according to sources. After deliberating and reviewing Paramount’s bid, Warner Bros.’ board will urge shareholders to reject the tender offer, said the people, who asked not to be identified discussing confidential information. The board still views the company’s existing agreement with streaming leader Netflix as offering greater value, certainty and…
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