Paramount accused WBD's board of breaching fiduciary duties by refusing to engage with what it calls a financially superior proposal.
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#warnerbros / Page 10
Market Analysis by covering: Warner Bros Discovery Inc, Netflix Inc. Read 's Market Analysis on Investing.com ...
Paramount isn't taking no for an answer.
Warner's leadership has repeatedly rebuffed overtures from Skydance-owned Paramount -- and urged shareholders to back the sale of its streaming and studio business to Netflix for $72 billion.
The announcement was the latest in a series of increasingly aggressive actions by Paramount to buy Warner Bros.
Paramount also files lawsuit seeking disclosure of financial information related to $82.7bn agreement ...
Warner Bros. Discovery advised shareholders last week to reject Paramount's hostile bid for the company.
Paramount Chairman David Ellison accused Warner of coming up with "increasingly novel reasons for avoiding a transaction with Paramount."
Warner Bros. announced last week that it would reject Paramount Skydance's takeover bid in favor of Netflix's $72 billion offer ...
CNBC's David Faber reports on the latest news from Warner Bros. Discovery.