Is Warner Bros. Discovery (WBD) the Next Big Media Stock? 75% YTD Surge Sparks Buzz
Warner Bros. Discovery’s stock has roared this year on a wave of strategic developments and rumors. In June 2025 the company announced plans to split into two separate public companies – one for Studios & Streaming and one for Global Networks reuters.com. Investors cheered, and then in September a much bigger catalyst surfaced: Paramount Skydance quietly approached WBD with a cash-and-stock bid around $20/share. That talk sent WBD shares from the low teens up toward $20 nasdaq.com. Although WBD’s board quickly rejected the initial approach as “too low” economictimes.indiatimes.com, the mere possibility of a takeover kept the stock elevated. On Oct 10 WBD closed at $17.10 economictimes.indiatimes.com, near the high end of its year-long range.