Why is Paramount suing Warner Bros?

Asked 4 hours ago

Answer

Paramount is suing Warner Bros. Discovery over alleged insufficient disclosure of the value of Warner Bros.' global TV networks business and risk assessment related to Paramount's $30 per share takeover bid. Paramount claims the TV networks business is worthless, while Warner Bros. values it higher. The lawsuit aims to force more transparency and applies pressure through board nominations and proposed bylaws.

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Paramount files lawsuit against Warner Bros. Discovery

CNBC · New

CNBC

New

Paramount files lawsuit against Warner Bros. in Delaware court 6s
Paramount seeks to nominate new directors and push for shareholder vote 28s
Lawsuit claims Warner Bros. failed to disclose global network valuations 1m 20s
Paramount maintains its $30 per share all-cash offer is superior 3m 50s
Shareholder vote expected to decide the outcome in coming months 4m 34s

References

Paramount files lawsuit against Warner Bros. Discovery

CNBC

7 hours ago

Paramount files lawsuit against Warner Bros. Discovery

Paramount's lawsuit claims Warner Bros. failed to disclose how it values global networks and the basis for its risk adjustment of the $30 per share all-cash offer, which could impact the Netflix bid and overall debt reduction.

Bloomberg

8 hours ago

Why Paramount is suing Warner Bros.

Paramount sued Warner Bros. Discovery, demanding disclosure of information to help investors make informed decisions and threatening a proxy fight by nominating directors to the board.