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, Inc. (Nasdaq: WBD) is trading less like a “media stock” and more like a live referendum on which takeover path—if any—actually makes it to the finish line. As of Friday, December 19, 2025 (latest timestamp available via market data), WBD stock traded at about $27.61, down roughly 2.1% from the prior close. That price matters because it sits almost on top of the headline value of Netflix’s signed $27.75-per-share cash-and-stock transaction, while still leaving a wide gap to Paramount Skydance’s $30-per-share all-cash tender offer. And on Dec. 19, a major shareholder just added fuel: Harris Associates said