Warner Bros. Discovery (WBD) Stock Today, November 20, 2025: Bid Deadline, Netflix Theater Promise, and Can the Rally Last?
Warner Bros. Discovery shares slipped nearly 1% to $22.90 late Thursday after hitting a 52-week high earlier this week. The dip comes as first-round bids to acquire all or parts of the company are due, with Paramount, Comcast, and Netflix expected to submit offers. The board has rejected three Paramount bids, including a $23.50 per share cash offer, and is reportedly seeking around $30 per share. Trading volume neared 40 million shares.