Paramount calls Warner Bros. sale ‘tainted' in letter to CEO [Fortune]
Netflix, Inc. (NFLX)
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Source: Fortune
Recommended Video In a letter to Warner Bros. Chief Executive Officer David Zaslav, attorneys for Paramount said the entertainment giant is favoring a rival bid from Netflix Inc., even after Paramount has submitted five offers. “It has become increasingly clear, through media reporting and otherwise, that WBD appears to have abandoned the semblance and reality of a fair transaction process, thereby abdicating its duties to stockholders, and embarked on a myopic process with a predetermined outcome that favors a single bidder,” according to the letter, which was published earlier by CNBC. Paramount wants to know if Warner Bros. appointed an independent special committee of disinterested members of its board to steer the sale process and consider offers. Play Video “If not, we strongly urge you to empower such a special committee comprised of directors with no potential appearance of bias or beholdenness to others whose interests may differ from those of the stockholders,” the
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- Netflix agrees to buy Warner Bros. Here's what that will look like [USA TODAY]USA TODAY
- Netflix announces deal to buy Warner Bros., HBO Max [MSNBC.com]MSNBC.com
- A plea to Netflix's Ted Sarandos: Don't screw up Warner Bros. and HBO [Los Angeles Times (CA)]Los Angeles Times
- How Ted Sarandos became the ultimate Hollywood gate-crasher [Los Angeles Times (CA)]Los Angeles Times
- Netflix Only Buying Warner Bros. To Sabotage A Rival Streamer? [Yahoo! Finance]Yahoo! Finance
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