Paramount Stock Slides After Netflix Scores Deal to Buy Warner Bros.

Shares in Netflix (NFLX) dropped 2.9% as some investors worried about the price tag and integration risk.

Shares in Paramount (PSKY) fell 9.8%. The company had sought to buy all of Warner Bros. Discovery.

“In our view, Paramount Skydance is unlikely to back off and will mount a continued challenge beyond its five reported prior bids,” wrote Matthew Harrigan of Benchmark Equity Research.

Comcast (CMCSA) stock ticked up 0.4%. That company had pursued the studios and HBO Max streaming business.

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