Warner Bros. Discovery Stock (WBD) Forecast: Netflix Merger vs. Paramount’s $30 Bid Puts Shares in Deal-Driven Limbo (Dec. 20, 2025)
Date: December 20, 2025Company: Warner Bros. Discovery, Inc. (NASDAQ: WBD) Warner Bros. Discovery stock is no longer trading like a “normal” media equity. As of this weekend, WBD shares are moving like a merger-arbitrage instrument, tethered to two competing takeover paths: Netflix’s signed deal for WBD’s Studios + Streaming assets and Paramount Skydance’s hostile all-cash tender offer for the entire company. Reuters+2Warner Bros. Discovery IR+2 At the close on Friday, Dec. 19, WBD finished at $27.77 (after a session that saw heavy volume and a trading range roughly between the high-$27s and $28.50). StockAnalysis That closing price sits just pennies