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WBD Calls Out “Pressure Tactic” – How Paramount’s Hardball Legal Letter Backfired On Eve Of Final Bids

David Zaslav The battle for Warner Bros. Discovery spilled onto pages full of revelations big and small Wednesday, as the media giant defended the process of selecting Netflix as the winner in its auction. Company disclosures and a letter to shareholders from the board of directors explained the reasoning behind discarding Paramount as well as Comcast and offers from two unidentified parties.

David Zaslav

David Zaslav

Credit: Deadline

Key Highlights

  • Among the reasons listed for rebuffing David Ellison: an incendiary and, it seems, unfortunately timed letter from Paramount’s lawyers at a critical moment.
  • “PSKY threatened WBD with unfounded allegations as a pressure tactic,” Warner wrote in a lengthy SEC filing detailing the auction from the WBD perspective.
  • It’s referring to a letter that attorneys at Quinn Emanuel “served” WBD and its advisors on Paramount’s behalf, accusing directors of bias and management of conflict of interest regarding post-transaction roles.
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  • Bell To Reprise Roles In 'A Different World' Sequel Series Books Netflix Orders Series Adaptation Of Liz Moore's Mystery Novel 'The God Of The Woods' WBD’s board Wednesday urged shareholders to reject Paramount’s hostile $108 billion deal and provided new context for how it opted for Netflix’s $82.7 billion offer for the WBD studio and streaming operation.
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Sources

  1. WBD Calls Out “Pressure Tactic” – How Paramount’s Hardball Legal Letter Backfired On Eve Of Final Bids

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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