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Warner Bros. Discovery Investor Sells $1.1 Billion in Stock, Share Price Drops 4%
July 1, 2025
A major investor in Warner Bros. Discovery June 30 disclosed it is selling 100 million shares in the media company for $1.1 billion, or $10.97 per share. The news sent shares of the corporate parent to Warner Bros. Pictures and HBO Max down more than 4% July 1 in midmorning trading.
Shareholders Advanced Newhouse Partnership and A/NPP Diversified Holdings LLC, which are collectively held by the owner (Newhouse Family) of media giant Condé Nast, said the sale is intended to provide “financial flexibility to ongoing estate planning, its investment program, and for other general corporate purposes.”
Following the sale, Newhouse will still own more than $1 billion (98,181,749 shares) of WBD stock, which is less than the 5% threshold mandating regulatory notice.
Since the merger of Discovery with WarnerMedia on April 8, 2022, the company’s stock price has fallen about 57%, from $25.16 to $10.90.
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