Stock Market Update
10-Dec-25 11:00 ET
Warner Bros. Discovery trades higher as takeover battle ramps
Dow +128.40
at 47688.48,
Nasdaq -108.19
at 23468.33,
S&P -7.93
at 6832.57
[BRIEFING.COM] The major averages remain mixed near their flatlines.
Warner Bros. Discovery (WBD 29.43, +1.17, +4.13%) trades higher again today, widening its week-to-date gain to 12.9% as the bidding war for the company continues to ramp.
Bloomberg reported that Paramount Skydance (PSKY 15.18, +0.54, +3.65%) could raise its $30 per share offer significantly higher in an effort to offset the $2.8 billion termination fee that Warner Bros. would have to pay Netflix (NFLX 94.78, -1.92, -1.99%) if it exited the agreement the two companies struck last week.
The communication services sector (-0.3%) remains lower, pressured by another weak showing from Meta Platforms (META 648.99, -7.97, -1.21%).
