---
title: "US Stock Movement | Netflix rises 2% as the company plans to complete the Warner Bros. Discovery transaction within 12 to 18 months"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/270030641.md"
description: "On Wednesday, Netflix rose 2% to $96.47. According to reports, Netflix plans to complete the Warner Bros. Discovery transaction within 12 to 18 months and has submitted HSR filing documents related to the deal. Netflix sent a letter to Warner Bros. shareholders on Wednesday morning, reiterating that its offer is superior and urging them to approve the agreement. Netflix co-CEO Ted Sarandos wrote: \"The Warner Bros. Discovery board has once again confirmed that Netflix's merger agreement is superior, and our acquisition is in the best interest of shareholders.\" Warner Bros. Discovery is advising its shareholders to reject the hostile takeover bid from Paramount Global and instead support its original agreement with Netflix, stating that Paramount's offer is \"inferior\" and \"inadequate.\""
datetime: "2025-12-17T14:58:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/270030641.md)
  - [en](https://longbridge.com/en/news/270030641.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/270030641.md)
---

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# US Stock Movement | Netflix rises 2% as the company plans to complete the Warner Bros. Discovery transaction within 12 to 18 months

According to Zhitong Finance APP, on Wednesday, Netflix (NFLX.US) rose by 2%, closing at $96.47. It was reported that Netflix plans to complete the transaction with Warner Bros. Discovery (WBD.US) within 12 to 18 months and has submitted HSR filing documents related to the deal. On Wednesday morning, Netflix sent a letter to Warner Bros. shareholders, reiterating that its offer is superior and urging them to approve the agreement. Netflix co-CEO Ted Sarandos wrote: "The Warner Bros. Discovery board has once again confirmed that Netflix's merger agreement is superior, and our acquisition is in the best interest of shareholders."

Warner Bros. Discovery is advising its shareholders to reject the hostile takeover bid from Paramount Global (PSKY.US) and instead support its original agreement with Netflix, stating that Paramount's offer is "inferior" and "inadequate."

### Related Stocks

- [Warner Bros. Discovery, Inc. (WBD.US)](https://longbridge.com/en/quote/WBD.US.md)
- [Netflix, Inc. (NFLX.US)](https://longbridge.com/en/quote/NFLX.US.md)

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