Warner Bros. Discovery (WBD) Stock Soars as Bidding War Heats Up

TLDR Warner Bros. Discovery announced it’s reviewing strategic options including a potential sale after receiving unsolicited interest from multiple parties The stock surged 10% on the news, trading around $20.33 and extending year-to-date gains to roughly 75% WBD’s board rejected a Netflix-backed Paramount Skydance bid of nearly $24 per share, calling it too low Netflix [...]

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