Added to YB: 2026-02-16
Pitch date: 2026-02-13
WBD [bullish]
Warner Bros. Discovery, Inc.
-4.44%
current return
Author Info
No bio for this author
Company Info
Warner Bros. Discovery, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Streaming, Studios, and Global Linear Networks.
Market Cap
$68.2B
Pitch Price
$28.68
Price Target
N/A
Dividend
N/A
EV/EBITDA
13.12
P/E
94.79
EV/Sales
2.72
Sector
Entertainment
Category
N/A
Merger Arbitrage: Selling WBD $24 Puts
WBD: Sold 27k March 20 '26 $24 puts for $0.20 ($540k premium), betting M&A floor holds. Paramount bid at $30/share all-cash + $0.25/qtr ticking fee vs Netflix deal valued $21.23-$27.75. Q4 earnings Feb 26 could catalyze gap to $30 if board shifts to Paramount. Break-even $23.80 prices as if bidding war never happened.
Read full article (2 min)