US EditionParamount Held Talks With Emmanuel Macron About WBD Bid, Report Says
- In Delaware on Thursday, Chancellor Morgan T. Zurn denied Paramount Skydance's request to fast-track disclosure about how Warner Bros. Discovery valued the Netflix deal and Discovery Global, ruling Paramount failed to show it would `suffer irreparable harm`.
- Paramount's Jan. 12 lawsuit sought to compel disclosure of Discovery Global's valuation as it pressed urgency due to a Jan. 21 shareholder tender deadline to challenge Warner Bros. Discovery.
- Paramount's numbers show a split between $27.42 and $30 valuations, with Paramount saying Discovery Global holds zero value in Netflix's $27.75 deal, pending a Q3 2026 spin-off.
- The ruling leaves WBD shareholders awaiting proxy disclosures, while Paramount Skydance extended its tender deadline to Jan. 21 and Paramount's counsel indicated another extension will follow.
- A 20% threshold of WBD shareholders could force a special meeting, while Paramount Skydance threatens a proxy battle and Larry Ellison's $255 billion backing supports its $30-per-share bid.
21 Articles
21 Articles
A U.S. court rejected Paramount Skydance's request to speed up the lawsuit that sought to force Warner Discovery to disclose the details of its merger agreement with Netflix, according to WSJ.Paramount sought to obtain the information immediately through an accelerated legal process for the lawsuit.The company's core argument led by David Ellison was that they would suffer irreparable damage if they did not accede to the details of the deal imme…
David Ellison's Paramount suffers a setback in its legal fight with Warner Bros. Discovery
David Zaslav is chief of Warner Bros. Discovery, left, which just rejected Paramount Skydance CEO David Ellison's latest bid for Warners.JC Olivera/Variety via Getty Images; Patrick T. Fallon/AFP via Getty ImagesParamount Skydance has suffered a legal setback in its pursuit of Warner Bros. Discovery.CEO David Ellison's company had hoped to force WBD to disclose how it valued its TV networks.A judge ruled that Paramount "was not misled by any omi…
A U.S. judge has rejected Paramount's request for additional information on the Netflix bid. Meanwhile, Netflix may want to improve his offer.
Delaware Judge Dismisses Motion to Expedite Paramount Lawsuit Against Warner Bros. Discovery
A Delaware judge has dismissed Paramount’s motion to expedite a lawsuit against Warner Bros. Discovery seeking more information about its $83 billion Netflix deal. Paramount CEO David Ellison, who is seeking to thwart Netflix with a $108.4 billion tender offer, has accused WBD’s board of withholding key information about how it valued the streamer’s deal and the proposed cable network spinoff Discovery Global, which it says “deprive stockholders…
Judge Declines To Fast Track Paramount Suit Amid Warner Merger Fight; David Ellison Company Will Extend Tender Offer Deadline, Attorney Says
A judge ruled Paramount hasn't identified “irreparable harm” to itself as a Warner Bros. Discovery shareholder and denied a motion to expedite disclosure.
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