Warner Bros. Discovery (WBD) Stock After Hours Dec. 17, 2025: Board Rejects Paramount’s $30 Bid, Reaffirms Netflix Deal—What to Know Before Thursday’s Open
Warner Bros. Discovery shares closed at $28.21 Wednesday, down 2.39%, as takeover speculation drove heavy trading. The board urged shareholders to reject Paramount Skydance’s $30 all-cash offer, backing a rival deal with Netflix valued at $27.75 per share. Paramount insisted its bid is superior and faster. Volume reached nearly 69.7 million shares.