U.S. stock market anomaly | Announced $82.7 billion acquisition of Warner Bros. Discovery, Netflix (NFLX.US) pre-market falls more than 4%

According to the Wisdom Finance APP, on Friday, the stock price of Netflix (NFLX.US) fell before the market opened, with the stock falling over 4% to $99 USD as of the publication. Warner Bros. Discovery Channel (WBD.US) rose over 4.3% before the market opened to $25.545 USD. On the news front, Netflix announced that it will acquire Warner Bros. Discovery Channel at a price of $27.75 per share (total enterprise value of approximately $82.7 billion USD), including its film and television production departments, HBO Max, and HBO. Netflix stated that it will maintain Warner Bros.' existing operational model; the total equity value of the transaction is approximately $72 billion USD. A previous report stated that Netflix became the highest bidder for the acquisition of Warner Bros. According to the agreement terms, each Warner Bros. shareholder will receive $23.25 USD in cash and 4.501 shares of Netflix common stock for each share they hold.