Warner Bros. Discovery (WBD) Stock Week Ahead: Netflix Deal vs. Paramount Tender Offer Keeps Shares in “Merger-Arbitrage Mode”
Warner Bros. Discovery shares closed Friday at $27.77, nearly matching Netflix’s $27.75-per-share offer but below Paramount Skydance’s $30 all-cash bid. Trading volume surged ahead of a holiday-shortened week, with thin liquidity expected as markets close early for Christmas. The stock’s price reflects uncertainty between the two competing takeover paths. WBD’s market cap stands at about $68.5 billion.