Why Is Warner Bros Discovery (WBD) Stock Soaring Today
This article first appeared on GuruFocus. Sep 12 – Warner Bros. Discovery (NASDAQ:WBD) shares surged about 29% Thursday and 10% on early Friday trading after reports that Paramount Skydance (NASDAQ:PSKY) is preparing a majority-cash offer for the media company, according to a Thursday report. The proposed bid would target WBD’s entire business, the film studio,…