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Entertainment

Paramount Says It Has “Air Tight” Financing, Promises Faster, More Certain Approval Than Netflix In Letter To WBD Shareholders

Paramount CEO David Ellison has sent a letter to Warner Bros. Discovery shareholders, emphasizing the strengths of his company's bid in comparison to Netflix. He highlighted Paramount's commitment to building long-term value and a vibrant creative community, asserting that their financing is 'air tight' and promising a quicker approval process.

David Ellison, David Zaslav, and Ted Sarandos and Greg Peters

David Ellison, David Zaslav, and Ted Sarandos and Greg Peters

Credit: Deadline

Key Highlights

  • David Ellison, CEO of Paramount, wrote an open letter to WBD shareholders.
  • Ellison claims Paramount's financing is secure and offers faster approval than Netflix.
  • He emphasizes commitment to long-term value and a vibrant creative community.
  • The letter is part of Paramount's hostile takeover bid for Warner Bros. Discovery.
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Sources

  1. Paramount Skydance’s David Ellison Sends Letter to Warner Bros. Discovery Shareholders Making Case for Why Its Bid Is Better Than Netflix Deal: ‘I Am Passionate and Dedicated to This Pursuit’
  2. Paramount Says It Has “Air Tight” Financing, Promises Faster, More Certain Approval Than Netflix In Letter To WBD Shareholders

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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