Warner Bros. Discovery (WBD) Series A Stock: Standard General CNN Talks, Netflix Deal vs Paramount Bid, and Analyst Forecasts on Dec. 18, 2025
Warner Bros. Discovery shares fell about 1% to $27.93 on Dec. 18 after reports that hedge fund Standard General is in talks to invest in or acquire parts of WBD’s networks business, including CNN. The board urged shareholders to reject Paramount Skydance’s tender offer, backing a rival deal with Netflix. Morgan Stanley raised its price target for WBD to $29 amid shifting deal dynamics.