Warner Bros. Discovery Stock (WBD) Today: Board Rejects Paramount Bid, Reaffirms Netflix Deal — News, Forecasts, and What’s Next (Dec. 17, 2025)
Warner Bros. Discovery’s board on Dec. 17 rejected Paramount Skydance’s $30-per-share hostile tender offer, citing financing and certainty concerns, and reaffirmed support for Netflix’s $27.75-per-share deal. WBD shares traded near $28.90, between the two bids. Paramount’s tender offer expires Jan. 8, 2026.