PARAMOUNT PROVIDES UPDATE TO WARNER BROS. DISCOVERY SHAREHOLDERS ON ACTIONS IT IS TAKING TO ADVANCE ITS SUPERIOR $30 PER SHARE ALL-CASH OFFER

LOS ANGELES and NEW YORK, Jan. 12, 2026 /PRNewswire/ -- Paramount Skydance Corporation (NASDAQ: PSKY) ("Paramount") today sent a letter to shareholders of Warner Bros. Discovery, Inc. (NASDAQ: WBD) ("WBD") outlining Paramount's next steps for delivering its superior, fully financed, all- cash offer of $30 per share to WBD shareholders. The full text of the letter follows: Dear Warner Bros. Discovery Shareholder, Over the last few days, following the decision by Warner Bros. Discovery ("WBD") not to engage w ...