Warner Bros. Discovery (WBD) Stock Jumps Toward $30 on Netflix Deal and Paramount Counterbid — Outlook for Next Week (Updated Dec. 12, 2025)
Updated Friday, Dec. 12, 2025 (U.S. market close): Warner Bros. Discovery, Inc. Series A common stock (NASDAQ: WBD) finished at $29.98, closing just under the $30.00-per-share all-cash tender offer launched by Paramount Skydance earlier this week. StockAnalysis+1 WBD shares have become a headline-driven “deal stock,” with price action now dominated less by traditional quarterly fundamentals and more by merger-arbitrage math: Which offer wins, what regulators do, and how long it takes. That dynamic is likely to continue into the week ahead as investors watch for board filings, bidder responses, and any signals from Washington that could reshape the probability of