Warner Bros. Discovery stock Monday hit its lowest point since the company’s merger with Paramount Skydance was reached in February as Wall Street appears to be putting little more than a 50% chance that the deal will get done. Warner Bros. stock dropped 1.8% Monday to $25.28, ending about 18% below the $31-a-share cash offer from Paramount, whose stock also declined Monday. Warner Bros. stock had been trading around $27 in June.
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The company has a high bar for acquisitions.
Last week, a coalition of 12 attorneys general filed a lawsuit that challenges the $110 billion acquisition, arguing that the deal.
Netflix's (NFLX) "solid" H2 pipeline as well as a normalization in viewership post recent events wil

Investors are still waiting for the Paramount (PSKY)–Warner Bros. (WBD) merger to finalize. Morgan Stanley head of media & entertainment and cable & telecom equity research, Sean Diffley, chats with Yahoo Finance Executive Editor Brian Sozzi about AI's impact on the creative process, his outlook for streaming, and more.
Netflix didn't end up acquiring Warner Bros. earlier this year, but there may be another great opportunity for it to consider now that Comcast is breaking up.
Possible deals include a merger of Comcast with Charter Communications, the No. 2 cable and broadband company, or an NBC Universal deal with Netflix.
Investing.com - Netflix Inc (NASDAQ:NFLX) shares are trading up 3.8% at $74.14 on Wednesday, rebounding from near their 52-week low after The Wall Street Journal walked back speculation that the streaming giant was lining up a bid for NBCUniversal following Comcast Corp's (NASDAQ:CMCSA) announced spinoff.
After coming up short in recent media acquisitions, Netflix makes a big bet on itself.
The stock is down 10.5% this month, after closing May 8% lower.
Netflix (NasdaqGS:NFLX) is shifting focus away from a potential acquisition of Warner Bros. Discovery and toward expanding its advertising, AI-driven content, and consumer products initiatives. The company is putting more emphasis on its global ad-supported tier, AI capabilities including the acquisition of Ben Affleck's InterPositive, and new consumer product categories. Netflix, with a recent share price of $89.33, is leaning into its existing scale and technology stack rather than...