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Leo Miller

EXPLAINED: Warner bros rejects paramount s offer how it affects wbd nflx psky - The Real Truth

WBD Warner Bros Paramount PSKY NFLX Netflix Discovery Global Paramount Skydance Bloomberg Intelligence MarketBeat

Shares of entertainment giant Warner Bros. Discovery (NASDAQ: WBD) had a landmark year in 2025. They rose approximately 173%, ending the year as the best-performing communications stock in the S&P 500 Index.

The battle to purchase Warner Bros. was by far the dominant driver of the stock’s performance. Warner Bros. and Netflix (NASDAQ: NFLX) reached a deal in December, when the streaming leader agreed to buy most of WBD for an enterprise value of around $82.7 billion.

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