Netflix shares rose before the market, while Warner Bros. Discovery and Paramount shares fell. Earlier, the Wall Street Journal reported that Warner Bros. Discovery was preparing to tell its shareholders to reject Paramount's takeover proposal. Following the release of the report, Warner Bros. Discovery shares fell 0.9% to $28.64, and the stock traded close to the $30 level reported by Paramount on Tuesday. Before Paramount initiated an all-cash malicious takeover, Netflix agreed to pay Warner Bros. Discovery $27.70 per share in cash plus shares to acquire the latter's studio and streaming business. Warner Bros. Discovery has reportedly expressed concerns about the quality of Paramount's financing. Netflix rose 1.7% in the premarket, while Paramount Skydance fell 0.8%.

Netflix shares rose before the market, while Warner Bros. Discovery and Paramount shares fell. Earlier, the Wall Street Journal reported that Warner Bros. Discovery was preparing to tell its shareholders to reject Paramount's takeover proposal. Following the release of the report, Warner Bros. Discovery shares fell 0.9% to $28.64, and the stock traded close to the $30 level reported by Paramount on Tuesday. Before Paramount initiated an all-cash malicious takeover, Netflix agreed to pay Warner Bros. Discovery $27.70 per share in cash plus shares to acquire the latter's studio and streaming business. Warner Bros. Discovery has reportedly expressed concerns about the quality of Paramount's financing. Netflix rose 1.7% in the premarket, while Paramount Skydance fell 0.8%.