Warner Bros. Discovery Stock (WBD): Latest News, Deal Updates, and Forecasts — Dec. 12, 2025
Warner Bros. Discovery, Inc. (NASDAQ: WBD) stock is trading less like a traditional media equity and more like a live, headline-driven merger-arbitrage wager. As of December 12, 2025, WBD changed hands around $29.49, hovering between two competing reference points: Netflix’s $27.75-per-share cash-and-stock agreement for WBD’s Streaming & Studios assets and Paramount Skydance’s $30.00-per-share all-cash hostile tender offer for the whole…