Warner Bros. Discovery Stock (WBD) Today: Netflix Deal vs. Paramount’s $30 Tender Offer, Latest News, Analyst Forecasts and What Comes Next (Dec. 12, 2025)
Warner Bros. Discovery, Inc. Series A shares (Nasdaq: WBD) are trading around the high-$20s on December 12, 2025, after a week that has turned the company into the center of a rare, high-stakes takeover fight—one that could reshape streaming, Hollywood’s studio system, and the U.S. cable-TV endgame. The stock’s direction now depends less on quarterly execution and more on deal odds, regulators, and who blinks first. Reuters+2Reuters+2 The headline driving WBD stock: two rival bids, two very different futures In simple terms, WBD shareholders are staring at two competing storylines: That split—partial vs. full acquisition—is a big reason WBD stock