Warner Bros. Discovery Inc. (NASDAQ:WBD) stock is surging on Friday.
Check out the current price of WBD stock here.
Record-Breaking Rally
The entertainment giant had its biggest one-day stock jump ever on Thursday, soaring 28.95%. The stock continued to rise after the market closed, gaining another 9.77% to reach $17.75. The surge followed news that Paramount Skydance Corp. (NASDAQ:PSKY) is preparing an all-cash offer to acquire the company.
Potential Acquisition Details
Paramount Skydance is reportedly working with investment banks on a formal offer expected next week. The all-cash deal would acquire WBD entirely before its planned April 2026 business split, separating television operations from studios and streaming.
Strategic Media Merger
Merging the two companies would form a major force in entertainment. Warner Bros. Discovery owns CNN, HBO, Warner Bros. studios, and the DC Comics franchises. Paramount Skydance brings CBS, MTV, Paramount+, and movie rights to classics like “The Godfather.” Together, they would also control key sports broadcasting rights, including the NFL, MLB, and college sports.
Market Metrics
Paramount Skydance completed its $8 billion merger in August, backed by RedBird Capital Partners under CEO David Ellison. However, Bank of America (NYSE:BAC) analyst Jessica Reif Ehrlich rates PSKY “Underperform,” citing execution risks. Both companies declined comment on acquisition speculation.
The market capitalization of the global broadcaster rose to $40.03 billion, with a price-to-earnings ratio of 53.63. The stock neared its 52-week high of $17.24, significantly above its low of $7.08. Trading volume was strong at 296 million shares, well above the average daily volume of 50.91 million.
Warner Bros. Discovery shares have surged 52.98% in 2025 alone, marking a remarkable 133% gain over the past year.
Price Action: According to Benzinga Pro data, WBD closed at $16.17 on Thursday.
WBD is showing strong momentum, ranking in the 87th percentile according to Benzinga's Edge Stock Rankings. The stock has been trending upward consistently across all time periods. See how its momentum compares to other major stocks.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
