Shares of Paramount SkyDance (PSKY) moved higher after Warner Bros. (WBD) agreed to restart acquisition negotiations. Last week, Paramount made a new all-cash offer to acquire all shares of Warner Bros. for $30 per share. The proposal includes a "delay compensation" of $0.25 per share: if the deal is not completed by the end of this year, Warner Bros. shareholders will receive $0.25 per share each quarter as compensation. Warner Bros. stated that Paramount also informally proposed an acquisition plan at $31 per share. The current negotiation window is 7 days and will end on February 23, 2026, aiming to "clarify the situation for Warner Bros. shareholders and allow Paramount to submit a final best offer." Warner Bros. Chairman Samuel A. Di Piazza said in an announcement that the board still recommends accepting the acquisition proposal from Netflix, which is valued at approximately $82.7 billion but does not include all of Warner's businesses. He stated, "The merger proposal from Netflix offers significant value and has a clear regulatory approval path, which is in the best interests of Warner Bros. shareholders." Paramount's current offer of $30 per share values Warner Bros. as a whole at $108.4 billion. Netflix co-CEO Ted Sarandos testified last week before a Senate Judiciary subcommittee, denying claims that the deal would create a monopoly or lead to higher consumer prices.