What to Know About the Netflix-Warner Deal

Is there any opposition to the deal? Yes. For instance, several U.S. lawmakers have already raised questions about the acquisition, including whether the tie-up will give Netflix too much power in the streaming marketplace.

How are Netflix and Warner Bros. stocks responding? Warner Bros. shares rose 5% Friday afternoon. Netflix shares slipped 2.5%.

What’s going on with Paramount stock? Paramount shares slid 8%. The media and entertainment company had sought to buy the entire Warner Bros., including cable networks such as CNN, TNT and TBS.