Warner Bros Discovery Stock Skyrockets on $60B Takeover Rumors
Shares Surge Amid Takeover Buzz On Oct. 21, Warner Bros Discovery officially confirmed that it was exploring “strategic alternatives” after fielding takeover inquiries theguardian.com reuters.com. In a press release, WBD said it had received “unsolicited interest…from multiple parties for both the entire company and Warner Bros.” theguardian.com. The news ignited a buying frenzy: WBD stock jumped from around $18.30 before the announcement to about $20 by the day’s end ts2.tech reuters.com. In dollar terms that was roughly an 11% one-day gain reuters.com, adding to an already massive rally this year (shares are up roughly 75% since Jan. 1 ts2.tech). The