Netflix Sinks as Concerns Mount Over Risks of Warner Bros. Deal

Netflix Inc. investors were already skeptical about its $72 billion deal for Warner Bros. Discovery Inc. Now the threat of having to pay even more and potentially face a protracted regulatory fight is making matters worse.

Shares of Netflix closed down 3.4% on Monday, at the lowest since mid-April, after Paramount Skydance Corp. made a $108 billion hostile bid for the HBO owner and President Donald Trump said the Netflix deal “could be a problem.” The stock is down more than 20% since Oct. 21, when a disappointing third-quarter earnings report added to unease about its potential pursuit of Warner Bros.