NASDAQ:NFLX News 15 December 2025 - 19 December 2025

Warner Bros. Discovery shares traded around $29.25 Tuesday, below Paramount Skydance’s $30-per-share cash offer and above Netflix’s $27.75 implied value. The price reflects investor uncertainty over which deal will close and on what terms. Wall Street banks are competing for advisory roles as the bidding process nears a decision. Comcast’s Versant spinoff is influencing how investors value WBD’s legacy cable networks.

Warner Bros. Discovery, Inc. (NASDAQ: WBD) stock is trading less like a traditional media equity and more like a real-time referendum on deal odds. In the latest available quote on Tuesday, December 16, 2025, WBD traded around $29.71, essentially parked just below the headline $30-per-share cash price investors have been fixating on. That “stuck to the offer” behavior makes sense: WBD is at the center of a high-stakes takeover fight, with Netflix defending its proposed transaction while Paramount Skydance presses a hostile tender offer directly to shareholders. The result is an event-driven stock where catalysts are measured in legal filings,

Warner Bros. Discovery, Inc. Series A common stock (NASDAQ: WBD) is trading in a rare kind of market—one where headlines are the primary catalyst and traditional valuation models temporarily take a back seat. As of Monday, December 15, 2025, WBD shares are hovering around $29.76, after trading between roughly $29.53 and $30.00 intraday. That price level is meaningful: it sits above Netflix’s agreed $27.75-per-share deal value (signaling investors are pricing in a better outcome than Netflix’s current terms), yet just below the $30 all-cash figure tied to Paramount Skydance’s hostile push (reflecting the market’s discount for risk, timing, and regulatory