Warner Bros. Discovery fell 2.2% late Wednesday. According to reports, the company's board of directors is preparing to back Netflix's takeover offer, saying it is superior to Paramount Sky Dance's $108 billion takeover offer.

Warner Bros. Discovery fell 2.2% late Wednesday. According to reports, the company's board of directors is preparing to back Netflix's takeover offer, saying it is superior to Paramount Sky Dance's $108 billion takeover offer.