After Missing Out on Roku, Netflix Claims It Won't Buy Lionsgate. Here's Why the Market Hates That Answer.
Netflix has changed, which the market seems to have forgotten.
After Missing Out on Roku, Netflix Claims It Won't Buy Lionsgate. Here's Why the Market Hates That Answer.
Overview
2026 has been rough for Netflix (NASDAQ: NFLX). Shares of the streamer are down 17.5% year to date.
That's not surprising. In February, Netflix lost a bidding war to acquire Warner Bros. Discovery to Paramount Skydance Corporation. Last week, its shares fell about 3.5% on reports that it had been interested in buying streaming platform and device maker Roku (NASDAQ: ROKU) but lost that bid to Fox Corp. (NASDAQ: FOX).
Details
The company's shares sank further after a company spokesperson reportedly denied rumors that Netflix was pursuing Lionsgate (NYSE: LION). Here's why the market didn't like that news, and what it means for the company (and its shareholders) moving forward.
Source
Originally published at www.fool.com.
