Is the Warner Bros. Story Coming to a Close? Insiders Offload Over $200M in Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 13 2026
0mins
Should l Buy WBD?
Source: Marketbeat
Acquisition Update: Paramount SkyDance has increased its bid for Warner Bros. Discovery (WBD) to $31 per share, while Netflix has dropped its bid for WBD's streaming and studio assets, leaving Paramount as the victor in the acquisition battle.
Shareholder Decisions: WBD shareholders are faced with two options: sell their shares now or hold onto them to capture the difference between the current price and the deal value, which could yield a return of approximately 13%.
Insider Selling Trends: In March, WBD insiders sold over $200 million worth of stock, indicating a significant uptick in insider selling compared to previous months, with notable sales from CEO David Zaslav and other executives.
Future Considerations: The deal between Paramount and WBD is expected to close by the end of September 2026, pending regulatory approvals, with potential returns for shareholders being a key factor in their investment decisions moving forward.
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Analyst Views on WBD
Wall Street analysts forecast WBD stock price to fall
14 Analyst Rating
5 Buy
9 Hold
0 Sell
Moderate Buy
Current: 27.490
Low
14.75
Averages
24.98
High
30.00
Current: 27.490
Low
14.75
Averages
24.98
High
30.00
About WBD
Warner Bros. Discovery, Inc. is a global media and entertainment company that creates and distributes a portfolio of branded content across television, film, streaming and gaming. The Company's segments include Streaming, Studios and Global Linear Networks. The streaming segment primarily consists of its premium pay-television and streaming services. The studios segment primarily consists of the production and release of feature films for initial exhibition in theaters, production and initial licensing of television programs to third parties and its networks/streaming services, distribution of its films and television programs to various third party and internal television and streaming services, distribution through the home entertainment market (physical and digital), related consumer products and themed experience licensing, and interactive gaming. The Global Linear Networks segment primarily consists of its domestic and international television networks.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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