Warner Bros. Discovery (WBD) Stock on Dec. 17, 2025: Board Seen Rejecting Paramount Bid as Netflix Deal Holds, Analysts Reprice the Upside
Warner Bros. Discovery shares traded near $28.90 on Dec. 17 as its board prepared to recommend shareholders reject Paramount Skydance’s $30-per-share hostile bid and stick with a Netflix deal for non-cable assets. Jared Kushner’s Affinity Partners exited Paramount’s financing group, weakening its offer. The board’s response could come as soon as Wednesday. WBD shares slipped in premarket trading on the news.