Warner Bros. Discovery clapped back at Paramount Skydance’s lawsuit seeking more financial details on WBD’s deal with Netflix and said Paramount’s continued campaign to try to convince Warner Bros. shareholders that its $30/share offer is superior is an attempt to “distract” investors.
In a statement, WBD said Paramount’s lawsuit filed Monday in Delaware Chancery Court was “meritless.” The company said that Paramount, led by chairman and CEO David Ellison, “has yet to raise the price” of its offer to acquire WBD in its entirety.
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