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0 0.000176335743255248 0.000193969317580723 -0.000352671486510245 -0.00141068594604123 -0.000705342973020616 0.000705342973020616 0.00282137189208259
Stock impact report

Paramount sues after Warner Bros. Discovery rejects its latest deal [Verge, The]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: Verge, The
Paramount is turning up the pressure on Warner Bros. Discovery in the wake of its merger with Netflix, as it's now suing the David Zaslav-helmed company in an attempt to get more details surrounding the agreement. In addition to the lawsuit, Paramount CEO David Ellison revealed that the company plans to nominate directors to WBD's board to vote against its deal with Netflix. After fielding offers from a range of companies , including Paramount, WBD settled on a deal with Netflix, which will acquire the company's studio, HBO, and HBO Max for $82.7 billion . But Paramount isn't taking no for an answer; the company launched a $108.4 billion hostile takeover bid to purchase all of WBD in December. WBD later rejected this deal, along with Paramount's amended offer Paramount has now filed a lawsuit against WBD to ask the court to force the company to disclose more details about its Netflix agreement with WBD shareholders, such as how it valued the transaction. “WBD has provided increas Show less Read more
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