Warner Bros. Discovery Stock (WBD) Today: Paramount’s $30 Bid vs. Netflix Deal, Fresh Deal Updates, and Analyst Forecasts (Dec. 23, 2025)
Warner Bros. Discovery shares traded near $28.89 on Dec. 23 as investors weighed a revised $30-per-share hostile bid from Paramount Skydance against a board-backed $27.75-per-share deal with Netflix. Major shareholder Harris Oakmark called Paramount’s amended offer “not sufficient,” despite new guarantees from Larry Ellison and a higher breakup fee.