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Changes in US stocks | Netflix (NFLX.US) rose 2% The company plans to complete the Warner Bros. Discovery transaction within 12 to 18 months

Zhitongcaijing·12/17/2025 15:01:07
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The Zhitong Finance App learned that Netflix (NFLX.US) rose 2% to $96.47 on Wednesday. According to reports, Netflix plans to complete the Warner Bros. Discovery (WBD.US) transaction within 12 to 18 months, and has submitted HSR reporting documents related to the transaction. Netflix wrote to Warner Bros. shareholders on Wednesday morning, reaffirming its better offer and urging them to approve the agreement. Netflix Co-CEO Ted Sarandos wrote: “The Warner Bros. Exploration Board once again confirmed that Netflix's merger agreement is better and that our acquisition is in the best interest of shareholders.”

Warner Bros. Exploration is recommending that its shareholders reject Paramount's hostile takeover offer from PSKY.US and instead support its original agreement with Netflix, and deem Paramount's offer “worse” and “insufficient.”