Warner Bros. Discovery (WBD) Stock Soars as $70 Billion‑Plus Takeover Race Heats Up – Paramount, Netflix & Comcast Face Bid Deadline
Paramount Skydance’s latest bid values Warner Bros. Discovery at $23.50 per share, about $58.2 billion, but the board is pushing for $30 per share, or $74.3 billion. WBD shares rose over 4% to $23.69 in early afternoon trading. Gulf sovereign wealth funds are being courted for financing, while Netflix and Comcast are reportedly interested in select assets. Q3 revenue fell 6% year-on-year to $9 billion, with a net loss of $148 million.