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0 0 -0.000821692686935069 -0.000788824979457596 -0.000821692686935069 0 0.000821692686935069 0.000821692686935069
Stock impact report

Mario Gabelli Urges Netflix to ‘Step Up and Clarify' $83 Billion Warner Bros. Deal as Paramount Takes Battle to Court [Yahoo! Finance]

Paramount Skydance Corporation - Class B (PSKY) 
Company Research Source: Yahoo! Finance
Discovery as Paramount escalated its fight for the company with a lawsuit filed in the Delaware Court of Chancery. “This is pretty standard. You defend, you attack. This is an attack based on the notion that they were not giving you all of the information,” Gabelli told TheWrap in an interview on Monday. “It's got to get Netflix to step up and clarify their deal. At the moment, [Paramount is] saying, ‘show me what you did and then I'll determine what I have to do'.” “The game is as follows: Step one, Netflix simplify [the deal structure]. All or more cash. Step two, once they do that, Paramount goes in and shows one of the other cards in their deck,” he continued. “No point in [raising its bid] at the moment. Right now, they're trying to dig into the board of Warner Bros. to say, ‘I've got a better bid. Show me why you don't think it's there. What are you really you guys are thinking about?'” Gabelli previously told TheWrap he's “highly likely” to tender his clients' shares to P Show less Read more
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