WBD Stock Update: Warner Bros. Discovery Shares Hover Near $29 as Netflix Deal, Paramount Bid, and Antitrust Risk Shape the Trade
Warner Bros. Discovery closed Friday at $28.80, above the $27.75-per-share value in its $72 billion studios and streaming sale to Netflix. Paramount Skydance is pursuing a hostile $30-per-share takeover bid, backed by Larry Ellison, which WBD’s board rejected. The deals face regulatory review and depend on WBD’s planned corporate split. Trading remains volatile as investors weigh competing offers and deal risks.