Warner Bros. Discovery (WBD) After the Bell on December 10, 2025: Paramount’s $30 Cash Bid, Netflix Pressure and What to Watch Before the December 11 Open
Warner Bros. Discovery shares closed at $29.52 on December 10, 2025, up over 4% with heavy volume as a bidding war intensified. After-hours trading held near $29.50, just below Paramount’s $30 per share cash offer. The stock’s surge follows Netflix’s $72 billion deal for WBD’s studio and streaming assets, which set a valuation floor around $27–28 per share.