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Stock impact report

Paramount fires back at Warner Bros. bid, launching proxy fight for board seats at annual meeting [Yahoo! Finance]

Paramount Skydance Corporation - Class B (PSKY) 
Company Research Source: Yahoo! Finance
Discovery and sue in Delaware to pry loose more details about the company's pending deal with Netflix—moves aimed at derailing that transaction and advancing its own hostile , all-cash offer. Paramount Skydance plans to nominate its own slate of directors for election at Warner Bros. Discovery's 2026 annual meeting and to urge shareholders to vote against the Netflix agreement if WBD calls a special or early meeting to approve it. The strategy is designed to reshape the board that twice rejected Paramount's bid and to rally investors behind a rival deal Ellison insists is superior on both value and risk. “WBD has provided increasingly novel reasons for avoiding a transaction with Paramount, but what it has never said, because it cannot, is that the Netflix transaction is financially superior to our actual offer,” Paramount CEO David Ellison wrote in a letter to Warner shareholders. At the same time, Paramount has filed a lawsuit in Delaware Chancery Court seeking to force Warner Show less Read more
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