WBD Stock Hits 3-Year High On M&A Mojo; Wall Street Analysts Still Expect Paramount Takeover
Shares in Warner Bros. Discovery soared to their highest level since 2022 after the company affirmed interest from “multiple parties” in potentially acquiring all or part of its empire. Paramount has already been in pursuit of WBD, and news of its bid several weeks ago boosted the long-moribund stock. On Tuesday, it closed at $20.33, up 11%. While shareholders are cheering the idea that a bidding war could help finally get them above water after a three-and-a-half-year merger misadventure, Wall Street anal ...