Warner Bros. Discovery (WBD) Stock After Hours on Dec. 12, 2025: Shares Hover Near $30 as Netflix–Paramount Bidding War Meets Antitrust Scrutiny — What to Know Next
Warner Bros. Discovery (NASDAQ: WBD) closed Friday, Dec. 12, 2025 near $30 and traded slightly lower after hours as investors digested fresh antitrust skepticism around Netflix’s bid, Paramount’s all-cash tender offer, and new HBO Max product moves. Here’s what mattered