As a result, shares of both Paramount and Netflix have taken a hit as traders engage in the practice of “merger arbitrage” – betting on which shares will rise or, in this case, fall more as the firms engage in a costly bidding war for WBD. Normally that would lead to shares of Netflix spiking, since the bet would be on it bowing out and not paying up for an asset that many investors believe isn’t of existential importance to the company’s success. On top of that, sources tell On The Money that Trump has yet to discuss his views on the deal with the Justice Department antitrust division despite some of the DOJ’s misgivings, particularly about Netflix gaining so much market share.
Author: Charles Gasparino
Published at: 2025-12-09 22:33:02
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