Warner Bros. Discovery (WBD) Stock Jumps as Paramount Gatecrashes Netflix Deal: What to Know Before the Market Opens December 9, 2025
Warner Bros. Discovery, Inc. Series A common stock (NASDAQ: WBD) goes into Tuesday’s U.S. session at the center of one of the biggest media takeover battles in decades — and traders are treating it less like a traditional media turnaround story and more like a live‑fire merger‑arbitrage trade. On Monday, December 8, WBD shares climbed 4.4% to close at $27.23, extending a powerful rally sparked first by Netflix’s agreement to acquire the company’s studio and streaming assets and then by Paramount Skydance’s new $30‑per‑share all‑cash hostile bid for the entire company. Reuters+1 Here’s how the stock traded after the bell