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.

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Source Fool.com