Warner Bros. Discovery (WBD) Stock: Netflix Deal, Paramount Bid, and Key Numbers to Watch Before the Market Opens on Dec. 22, 2025
WBD shares closed near $27.77 ahead of Monday’s open, tracking the value of competing takeover bids from Netflix and Paramount Skydance. Netflix has offered $27.75 per share in cash and stock, while Paramount is pitching a $30 all-cash deal. The stock price reflects investor bets on which bid will prevail. Regulatory review and deal terms remain in focus.