Netflix shares drop after Paramount launches hostile takeover bid
Yahoo Finance·2025-12-09 06:34

A participant walks past a Netflix sign during the "Netflix x CicLAvia-Melrose Ave: Stranger Things 5 One Last Ride" down Melrose Avenue last month in Los Angeles. (Kayla Bartkowski / Los Angeles Times) Netflix shares dipped Monday after Paramount announced a hostile takeover bid, fueling worries on Wall Street that the streaming giant may not be able to pull off its audacious acquisition. Netflix stock closed down nearly 3.5% to $96.79 a share after Paramount moved to take its case directly to Warner Br ...