Why Netflix Stock Fell Today
Shares of Netflix (NASDAQ: NFLX) declined nearly 5% on Wednesday, following reports of ongoing acquisition talks between the streaming leader and its rival, Warner Bros Discovery (NASDAQ: WBD).
Image source: Netflix.
Netflix is interested in purchasing Warner Bros Discovery's studio assets and HBO Max streaming service, according to Reuters. A deal would allow Netflix to bundle HBO Max with its own streaming offerings -- at a lower overall cost for consumers. A combination would also bolster Netflix's content library with popular shows like Game of Thrones, Succession, and The Wire.
Source Fool.com
Netflix Inc. Stock
€69.81
5.340%
The stock is one of the favorites of our community with 124 Buy predictions and 2 Sell predictions.
With a target price of 111 € there is a hugely positive potential of 59.0% for Netflix Inc. compared to the current price of 69.81 €.
