Warner Bros. Discovery Stock Soars on Netflix’s $82.7 Billion Takeover — What WBD Investors Need to Know Now
Warner Bros. Discovery stock (NASDAQ: WBD) has exploded higher after Netflix confirmed a blockbuster agreement to acquire Warner Bros.’ film, TV and streaming businesses in a cash‑and‑stock deal valuing the enterprise at about $82.7 billion (equity value $72 billion). Reuters On Friday, December 5, WBD shares closed at $26.07, up roughly 6.2% on the day, after trading as high as…