Stock Movers Warner Bros Discovery Rises, Norwegian Cruise Lines Jumps, General Mills Drops on Weak Sales Outlook
Feb 17, 2026
Christine Aquino, Bloomberg Television markets correspondent, gives brisk market color and company-specific reporting. She covers Paramount’s sweeter bid prompting Warner Bros. talks with Netflix. She explains Elliott’s move into Norwegian Cruise Lines and board speculation. She outlines General Mills’ lowered fiscal 2026 sales outlook and its market implications.
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Warner Bros. Reopens Deal Negotiations
- Warner Bros. reopened talks after Paramount sweetened its bid to $31, prompting Netflix to grant a seven-day negotiation window.
- Analysts say Netflix may be better off walking away than repeatedly raising its $27.75 offer and weakening leverage.
Weigh Strategic Necessity Before Raising Bids
- Consider deal dynamics: prioritize whether the asset is vital or 'nice-to-have' when bidding.
- Avoid overleveraging by escalating bids if the target is nonessential to your core strategy.
Activist Stake Hits Norwegian Cruise Line
- Elliott Investment Management took a >10% stake in Norwegian Cruise Line and may nominate Adam Goldstein for the board.
- That activism follows sudden executive turmoil after CEO Harry Sommer stepped down and John Chidsey became CEO.