Warner Bros. Discovery (WBD) Stock News Today: Netflix Deal, Paramount’s $30 Bid, and the Latest Analyst Forecasts (Dec. 25, 2025)
Netflix has agreed to buy Warner Bros.’ studios and HBO assets, while Paramount Skydance has launched a $30 per share hostile tender offer for all of Warner Bros. Discovery. WBD’s board urged shareholders to reject Paramount’s bid, but is reviewing an amended offer backed by Larry Ellison’s $40.4 billion equity guarantee. WBD stock closed Dec. 24 at $29.23, near its 52-week high.