Warner Bros. Discovery (WBD) Stock: Netflix Deal, Paramount Bid, and Key Numbers to Watch Before the Market Opens on Dec. 22, 2025
Warner Bros. Discovery, Inc. – Series A (NASDAQ: WBD) heads into the Dec. 22, 2025 market open in an unusually binary spot: the stock is being pulled less by day-to-day operating performance and more by a fast-moving takeover battle that now involves Netflix and Paramount Skydance. As of the latest available trade, WBD was around $27.77 per share. That level matters because it’s essentially where the Netflix deal value has been framed—while Paramount is publicly pitching a higher $30 all-cash alternative. Below is what investors and readers should know heading into Monday’s open—what’s new, what Wall Street is debating, and