Warner Bros. Discovery (WBD) Stock: Netflix Wins Bidding War – What the $70 Billion Deal Could Mean for Investors
Netflix has entered exclusive talks to acquire Warner Bros. Discovery’s studio and streaming assets after winning a bidding war, according to multiple reports on December 5. The deal values the assets at $70–$75 billion, with an offer of $28–$30 per share. WBD stock closed at $24.5, up 130% over the past year. Paramount and Comcast were reportedly outbid earlier in the process.