Warner Bros. Discovery Says Over 93% of Shareholders Have ‘Rejected Paramount’s Inferior Scheme’ in Favor of Netflix Deal

Warner Bros. Discovery fired back at the latest salvo from David Ellison’s Paramount Skydance, saying that more than 93% of its shareholders have rejected Paramount’s “inferior scheme” in favor of the $83 billion sale of WB to Netflix. WBD was responding to Paramount’s announcement Thursday that it was extending its hostile takeover offer of $30/share […]