Warner Music Group Corp-Cl A

Netflix shares edged lower after hours as the Justice Department examines potential anti-competitive conduct in its $82.7 billion Warner Bros Discovery acquisition. The streamer says it is unaware of any probe beyond standard merger review.

Netflix shares closed 1.6% higher at $82.20 amid a deepening Justice Department antitrust review of its $82.7 billion Warner Bros Discovery acquisition. Director Reed Hastings reported transferring 241,944 shares via a family trust.