Warner Bros Discovery stock stuck between Netflix deal value and Paramount’s $30 bid as Jan. 21 deadline nears
Warner Bros. Discovery shares closed down 1.4% at $28.80, between Netflix’s $27.75-per-share deal value and Paramount’s $30 cash bid. Paramount extended its amended $30 tender offer to Jan. 21, 2026, and said Larry Ellison would guarantee $40.4 billion of financing. WBD’s board is reviewing the new offer but has not changed its support for the Netflix deal.