Warner Bros Discovery Stock Skyrockets on $60B Takeover Rumors
Warner Bros Discovery shares jumped 11% to $20.33 on Oct. 21 after the company said it was reviewing takeover offers. The board rejected a nearly $24 per share bid from Paramount Skydance as too low. Multiple suitors, including Netflix and Comcast, are reportedly interested. WBD’s stock is up 75% this year, but analysts remain divided on its outlook.