On September 21, Warner Bros. Discovery rose 6.29% in pre-market trading, trading at $29.61/share, with turnover of $84,600.

The move was driven by reports that the Warner Bros. Discovery and Paramount Skydance merger case has entered late-stage settlement negotiations, with both companies seeing shares rally on the news. Paramount Skydance has already secured FCC approval for foreign ownership exceeding 25% and satisfied all regulatory clearances under the merger agreement, obtaining approvals across nearly 70 countries worldwide. If settlement talks yield a breakthrough, the approximately $110 billion media mega-merger could accelerate significantly.

The deal still faces a multistate antitrust lawsuit, with a trial date set for March 2027. Meanwhile, Barclays recently restarted coverage on Warner Bros. Discovery with a Hold rating and a $29 price target. The company reported Q2 EPS of $0.06, beating the consensus estimate of -$0.13, though revenue of $8.72 billion missed expectations of $9.25 billion due to the loss of NBA broadcast rights and weaker theatrical performance.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)