US Stock Market Move | Netflix (NFLX.US) fell more than 3%, reportedly interested in competing to acquire Warner Bros. Discovery.

On Friday, Netflix (NFLX.US) fell more than 3%, closing at $1120.96. On the news front, according to media reports citing sources, Paramount (PSKY.US), Comcast Corporation Class A (CMCSA.US), and Netflix are preparing to bid for Warner Bros. Discovery (WBD.US), with non-binding preliminary offers expected to be submitted before November 20. Paramount, supported by David Ellison, Larry Ellison, and RedBird Capital Partners, is seeking to acquire the entire Warner Bros. Discovery company, with its latest offer of $23.50 per share representing a premium of nearly 90% over the stock price before news of the acquisition interest. Reports suggest that Comcast Corporation Class A and Netflix are primarily interested in Warner's film and TV studios, as well as the HBO Max streaming platform, while excluding cable TV networks such as CNN, TNT, and Discovery Channel.