Weekly Roundup: Netflix to Buy WB Discovery, Microsoft Slides, Salesforce Rallies
On this episode of Stock Movers, we look at some of the biggest movers of the week:- Netflix (NFLX) agreed to buy Warner Bros. Discovery (WBD), marking a seismic shift in the entertainment business as a Silicon Valley-bred streaming giant tries to swallow one of Hollywood’s oldest and most revered studios. The acquisition, which confirmed a Bloomberg report Thursday, presents a strategic pivot for Netflix, which has never made a deal of this scope in its 28-year history. With the purchase, Netflix becomes owner of the HBO network, along with its library of hit shows like The Sopranos…
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