US Stock Market Move | Warner Brothers Exploration (WBD.US) rose nearly 4%, surging 150% since September.

On Wednesday, Warner Bros. Discovery (WBD.US) rose nearly 4%, hitting a historical high and surging 150% since September. In terms of news, on December 5th, Warner Bros. Discovery announced that global leading streaming platform Netflix (NFLX.US) has agreed to acquire its streaming and production assets for $82.7 billion (including debt). Three days later, Paramount Sky (PSKY.US) launched a hostile takeover bid for Warner Bros. Discovery, valuing the company at $108.4 billion. Regardless of who succeeds, the transactions will need to obtain approval from regulatory authorities.