Warner Bros. Discovery Series A Stock (NASDAQ: WBD) on Dec. 16, 2025: Takeover Battle, Latest News, Analyst Forecasts, and What Comes Next
NEW YORK — Warner Bros. Discovery, Inc. Series A shares (NASDAQ: WBD) are trading like a merger-arbitrage ticker rather than a traditional media stock on Tuesday, Dec. 16, 2025, with the price effectively “pinned” near $30 as investors handicap two competing endgames: Paramount Skydance’s $30-per-share all-cash tender offer versus Netflix’s prior agreement to acquire key WBD assets at a $27.75 per-share implied value. Netflix+1 As of the latest available quote Tuesday, WBD traded around $29.25, down modestly on the day, after touching an intraday high near $29.69. That sub-$30 trading level is the market’s way of pricing in a central