🟢 PSKY is trading 3.1% up today as Warner Bros. Discovery weighs reopening acquisition talks

PSKY is trading at $11.17, up 3.1% as Warner Bros. Discovery considers reopening acquisition talks following a sweetened $30-per-share amended offer.

• The rally continues momentum from a 4.94% surge on February 17, driven by Paramount Skydance's revised proposal submitted on February 10.
• The new terms address key WBD concerns by covering a $2.8 billion Netflix breakup fee and committing to backstop up to $1.5 billion in debt refinancing costs.
• The move reignites a major bidding war in media history as WBD evaluates the improved financial commitments and strategic fit.