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Netflix Shares Jump 9% After-Hours as Company Walks Away From Warner Bros. Discovery Deal

Netflix Shares Jump 9% After-Hours as Company Walks Away From Warner Bros. Discovery Deal

Netflix, Inc. (NFLX) shares surged nearly 9% in after-hours trading Thursday after the streaming leader announced it would not match a higher competing bid from Paramount Skydance for Warner Bros. Discovery, ending months of merger speculation.

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