Paramount argues its $30-per-share all-cash offer provides higher and more certain value than Netflix’s mixed consideration.
The Paramount logo on the water tower at Paramount Studios in Los Angeles. Mario Tama/Getty Images
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Paramount Skydance is suing Warner Bros. Discovery (WBD) after it turned down Paramount’s hostile takeover bid and chose to move ahead with a deal with Netflix instead.
Paramount said on Jan. 12 that WBD failed to provide shareholders with sufficient financial disclosure about its proposed $72 billion transaction with Netflix.
Evgenia Filimianova
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Evgenia Filimianova is a UK-based journalist covering a wide range of international stories, with a particular interest in foreign policy, economy, and UK politics.
