WBD Warner Bros. Discovery Stock Outlook 2026: Merger Arbitrage at $27 with a $31 Cash Deal
Warner Bros. Discovery (WBD) stock analysis 2026: $31.00 all-cash acquisition by Paramount Skydance approved by shareholders, ~$110.9B total deal, Q3 2026 close target. At $27, WBD is a merger-arb trade — 15% spread to a confirmed cash price, with break risk toward $9–$12.
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