Warner Bros. Discovery Stock (WBD) Weekend Update: Deal-Arbitrage Tension Builds Ahead of Monday’s Open
Warner Bros. Discovery shares closed at $28.80 Friday, down 1.4%, as investors weighed a $27.75-per-share Netflix takeover deal against a $30 all-cash offer from Paramount Skydance, now backed by a $40.4 billion personal guarantee from Larry Ellison. Paramount extended its tender offer to Jan. 21, 2026, with 397,252 shares tendered as of Dec. 19.