WBD stock hovers near takeover price as Jan. 21 tender deadline nears
Warner Bros Discovery shares rose 0.2% to $28.86 midday Monday, trading near levels implied by rival takeover bids. Paramount’s $30-per-share cash offer, backed by a $40.4 billion guarantee from Larry Ellison, faces a Jan. 21 deadline. Warner’s board has not changed its recommendation favoring a Netflix merger. The stock traded between $28.71 and $29.10 during the session.