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After Failed Hostile Takeover Bid, David Ellison's Paramount Skydance Sues Warner Bros. Over Netflix Deal [Yahoo! Finance]

Netflix, Inc. (NFLX) 
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Company Research Source: Yahoo! Finance
the HBO owner disclose financial details of its nearly $83 billion deal with Netflix Inc (NASDAQ: NFLX Paramount CEO David Ellison is also launching a proxy fight to replace Warner Bros.' board with directors who would negotiate with Paramount. Ellison expressed frustration in an open letter, questioning why Warner Bros. has not engaged in discussions: "We remain perplexed," he wrote, "that WBD never attempted to clarify or negotiate any of the terms.” “We filed suit this morning in Delaware Chancery Court to ask the court to simply direct WBD to provide this information so that WBD shareholders have what they need to be able to make an informed decision,” Ellison said. Don't Miss: The ‘ChatGPT of Marketing' Just Opened a $0.85/Share Round — 10,000+ Investors Are Already In Sam Altman Says AI Will Transform the Economy — This Platform Lets Investors Back Private Tech Early The latest escalation comes days after WBD's board once again recommended that shareholders reject Pa Show less Read more
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