Warner Bros. Discovery (WBD) Stock on December 10, 2025: Netflix Merger, Paramount’s $30 Bid and What It Means for Investors
Warner Bros. Discovery shares traded in the high-$27 to low-$28 range on December 10, 2025, after closing at $28.26, near a 52-week high. The stock sits between Netflix’s $27.75-per-share merger deal and Paramount Skydance’s $30-per-share all-cash hostile offer. WBD has gained over 160% in the past year amid the takeover battle. Market capitalization now stands in the mid- to high-$60 billion range.