Warner Bros. Discovery Stock Price Falls as California Review Clouds Paramount’s $31 Deal
Shares of Warner Bros. Discovery slipped roughly 1% to finish at $27.14 on Friday, with trading volume reaching 26.6 million shares. Stocks broadly stayed under pressure—S&P 500 lost 0.61%. Investors are treading carefully after two fresh signals. California Attorney General Rob Bonta on Thursday confirmed his office is actively investigating, promising a “vigorous” review. Separately, WBD has called off the March 20 stockholder meeting that was scheduled ahead of the now-scrapped Netflix deal.