Warner Bros. Discovery Rejects Paramount Bid
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Pentwater Capital Management has penned a letter to WBD's board accusing it of not fully engaging with David Ellison's amended $108.4 billion bid
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Media Stocks 2025: Warner Bros. Discovery Shares Soared Over 170% Amid Netflix-Paramount Bidding War
Shares of Warner Bros. Discovery, formed in April 2022, zoomed to all-time highs in 2025 — up more than 170% for the year. WBD as of Dec. 30 has a market capitalization of $71.8 billion, up from about $25 billion at the start of the year.