US Stock Market Move | Warner Brothers intensifies bidding war, Netflix (NFLX.US) rises more than 5%

On Wednesday, Netflix (NFLX.US) rose more than 5% in early trading, reaching $82.07. In terms of news, on February 25th, Paramount Skydance Corp announced that they will increase their cash offer to acquire Warner Bros. Discovery to $31 per share. The new proposal includes a $7 billion regulatory termination fee and a $2.8 billion breakup fee to be paid to Netflix if the deal fails. Analyst Gary Black predicts that Netflix will emerge victorious in the bidding war.