Paramount extends deadline on hostile Warner Bros. bid
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The company said that it would ask WBD shareholders to reject the merger, reject the plan to split the company in two, and reject pay plans for its executives.
Netflix (NFLX) co-CEO Greg Peters said the company expects to secure support from Warner Bros Discovery (WBD) shareholders for its $82.7B bid for the company’s film and TV studios, adding that Paramount's (PSKY) rival bid "doesn't pass the sniff test",
By Aditya Soni Jan 12 (Reuters) - Paramount Skydance on Monday sued Warner Bros Discovery for more information on a rival $82.7 billion deal with Netflix, escalating a battle to take control of one of the most storied Hollywood studios.