Netflix Stock Surges Over 9% After Streamer Bows Out of Warner Bros. Race

The Wrap
By Lucas ManfrediFeb 26, 2026, 6:33 pm58 pts
Shares of Netflix surged over 9% after bowing out of the bidding war for Warner Bros. Discovery on Thursday. Meanwhile, Paramount stock climbed 5.2% in after-hours trading on Thursday, while WBD stock fell 1.9% following the announcement. The move came after WBD’s board determined that a $31 per share offer…

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