Warner Bros. Discovery Stock (WBD) News Today: Standard General CNN Talks, Netflix Deal Terms, Paramount Bid Deadline, and Wall Street Forecasts (Dec. 18, 2025)
Warner Bros. Discovery, Inc. (NASDAQ: WBD) is trading like a company caught in a live-action script rewrite: two giant suitors, a looming tender-offer deadline, and now fresh reporting that could reshape the value of its cable-network “leftovers.” As of the latest available quote heading into Thursday, Dec. 18, 2025, WBD shares were around $28.21. Warner Bros. Discovery IRThat price matters because it sits in the blast radius between: And this morning’s new headline adds a third plotline: a hedge fund’s potential interest in buying or investing in WBD’s TV networks—including CNN—just as those assets are slated to be spun out.