Shares of entertainment giant Warner Bros. Discovery (NASDAQ: WBD) are moving up after the latest development in its acquisition saga. On Feb. 17, WBD shares closed up by approximately 2.7%.
The catalyst for this move was WBD's latest press release. WBD stated that it will initiate discussions for Paramount Skydance (NASDAQ: PSKY) to provide its “best and final offer” in its efforts to acquire the firm. At the same time, WBD continues to unanimously recommend that shareholders approve Netflix’s (NASDAQ: NFLX) offer.
