Shares of Netflix rose more than 5% in trading Wednesday in the aftermath of Warner Bros. Discovery revealing it had received what could be a competitive offer for the company from Paramount Skydance that might leave the streaming giant mulling whether to continue its pursuit.
Netflix shares stood at $82.23 per share in trading early Wednesday afternoon, up 5.37%, or $4.18, from the day-earlier close of $78.04. Volume stood around 35 million. Average volume is 46.2 million.
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Warner late Tuesday said it had received a revised bid from Paramount Skydance of
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