Pre-market rally: Netflix, Paramount shares gain as long-drawn-out Warner Bros bidding war ends
Shares of Netflix jumped more than 9% in premarket trading on Friday after the company dropped out of the race to acquire Warner Bros Discovery (WBD), with investors cheering its decision to walk away from the high-stakes deal. At the same time, Paramount’s shares climbed about 10% as the company emerged as the frontrunner to…