WBD stock today: Warner Bros Discovery ends flat as Netflix-Paramount battle nears Jan. 21 deadline
NEW YORK, December 29, 2025, 09:11 PM ET — Market closed Warner Bros Discovery’s Series A shares were down 1 cent, or 0.04%, at $28.79 on Monday. The stock is trading like a deal-arbitrage play, with investors trying to price the odds of rival bids for the media group and the timing of what comes next. Paramount Skydance is pursuing a $30-per-share all-cash tender offer, while Netflix has a board-backed cash-and-stock agreement on the table. Reuters+2Reuters+2 At Monday’s last price, WBD traded about 4% below Paramount’s $30 offer. That gap — the “deal spread,” or the difference between the bid