On this episode of Stock Movers:
- Netflix’s (NFLX) $72 billion deal to acquire Warner Bros. Discovery (WBD)sets up a sweeping antitrust regulatory fight, as the world’s largest streaming platform seeks approval to absorb HBO Max and one of Hollywood’s marquee studios. President Donald Trump said Sunday he would be personally involved in the decision-making process and that there “could be a problem.”
- International Business Machines (IBM) is buying the data-streaming platform Confluent (CFLT) for $11 billion including debt, marking one of its largest takeovers yet and a major bet on the kind of enterprise software that artificial intelligence tools need to perform tasks in real time.IBM has agreed to buy Confluent for $31 a share, according to a statement issued Monday. That represents an equity value of around $9.3 billion, according to Bloomberg calculations. The companies expect the deal to close by the middle of 2026.
- Carvana jumps after being selected for inclusion to the S&P 500.The company will join the benchmark in a quarterly rebalance at the end of December, S&P Dow Jones Indices said Friday.