Warner Bros. blasted Paramount, saying the David Ellison-led company's lawsuit was "yet another unserious attempt to distract and the Judge saw right through it."
Paramount Chief Executive David Ellison continued his outreach to Warner shareholders saying, "Our offer clearly provides WBD investors greater value and a more certain, expedited path to completion."
Warner's board was not swayed by tech billionaire Larry Ellison's personal guarantee to back the equity portion of Paramount's bid. Warner's board remains solidly behind its Netflix deal.
Trump reclassifies marijuana for medical use, opening the door to Big Ag ambitions and a proposed wealth tax sends West Coast billionaires scrambling. Meanwhile, Paramount-Skydance circles Warner B ...