Warner Bros Discovery Unanimously Recommends Stockholders Reject Paramount Skydance Offer

Reuters12-17 20:39

Dec 17 (Reuters) - Warner Bros Discovery Inc ::
*WARNER BROS DISCOVERY: UNANIMOUSLY RECOMMENDS STOCKHOLDERS REJECT PARAMOUNT SKYDANCE OFFER - SEC FILING
*WARNER BROS DISCOVERY: UNANIMOUSLY RECOMMEND NETFLIX MERGER AGREEMENT IS IN BEST INTERESTS OF STOCKHOLDERS
*WARNER BROS DISCOVERY: PARAMOUNT SKYDANCE TENDER OFFER REMAINS INFERIOR TO NETFLIX MERGER
*WARNER BROS DISCOVERY: PARAMOUNT OFFER PROVIDES INADEQUATE VALUE AND IMPOSES NUMEROUS, SIGNIFICANT RISKS AND COSTS ON WBD
*WARNER BROS DISCOVERY: PARAMOUNT "HAS CONSISTENTLY MISLED" WBD SHAREHOLDERS THAT ITS PROPOSAL HAS “FULL BACKSTOP” FROM ELLISON FAMILY
*WARNER BROS DISCOVERY: INFORMED PARAMOUNT OF MATERIAL DEFICIENCIES AND OFFERED POTENTIAL SOLUTIONS, BUT PARAMOUNT NEVER SUBMITTED SUPERIOR PROPOSAL
*WARNER BROS DISCOVERY: THERE IS NO MATERIAL DIFFERENCE IN REGULATORY RISK BETWEEN PARAMOUNT OFFER AND NETFLIX MERGER
*WARNER BROS DISCOVERY: LOOKS FORWARD TO MOVING AHEAD WITH COMBINATION WITH NETFLIX
*Further company coverage: WBD.O
* ((Reuters.Briefs@thomsonreuters.com;))

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 17-DEC-202512:22:50.537 GMT

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