Big news. The ground has shifted as Warner Bros. Discovery said its board determined tha a new proposal from Paramount could reasonably be expected to lead to a so-called "Company Superior Proposal" as defined in WBD's merger agreement with Netflix and that it will continue talks with the David Ellison company.

Warner Bros. Discovery has received its latest acquisition offer from Paramount, though a letter from the board continues to endorse the Netflix merger.

Paramount is in a bidding war with Netflix for Warner Bros. and has until March to make its best and final offer.

Shares of Warner Bros. Discovery firmed Monday, one of the few equities in the green as tariff and trade uncertainty tanked markets. WBD has had an exceptional run over the past six months since Paramount began lobbing unsolicited takeover bids,

Robert Fishman, media & sports betting analyst at MoffettNathanson, joins 'Money Movers' to discuss the sale of Warner Bros. Discovery and more.