Warner Bros. Discovery (WBD) Stock Jumps as Paramount Gatecrashes Netflix Deal: What to Know Before the Market Opens December 9, 2025
Warner Bros. Discovery shares closed up 4.4% at $27.23 Monday after Paramount Skydance launched a $30-per-share hostile bid, following Netflix’s $82.7 billion deal for WBD’s studios and streaming assets. Trading volume hit 165.7 million shares, with WBD up 117% since September. The S&P 500 fell 0.35% on the day, while Netflix dropped 3.4% amid antitrust concerns.