Warner Bros. Discovery Stock (WBD) Today: Netflix Deal vs Paramount Bid, Latest Forecasts and What Investors Are Watching on Dec. 19, 2025
Warner Bros. Discovery shares closed at $27.61 on Dec. 19, just below Netflix’s $27.75-per-share offer and well under Paramount Skydance’s $30 bid. Harris Associates, a major shareholder, told Reuters it would consider a revised Paramount proposal if terms improve. Traders appear to view the Netflix deal as more likely to close, assigning higher risk to Paramount’s offer.