Prnewswire·2026-01-12 14:07Core Viewpoint - Paramount Skydance Corporation has made a fully financed, all-cash offer of $30 per share to acquire Warner Bros. Discovery, Inc., which it believes is superior to WBD's agreement with Netflix [1][3][4]. Offer Details - Paramount's initial offer was made at a significant premium to WBD's share price of $12.54, culminating in the $30 per share cash proposal [1][3]. - The offer is fully financed and aims to provide WBD shareholders with a better financial outcome compared to the Netflix transaction, which includes a complex structure of cash and stock [3][4]. Shareholder Engagement - Paramount plans to nominate a slate of directors for WBD's 2026 Annual Meeting to facilitate engagement with WBD's board regarding the acquisition offer [2][5]. - The company will also propose an amendment to WBD's bylaws to require shareholder approval for any separation of Global Networks [2]. Legal Actions - Paramount has filed a lawsuit in Delaware Chancery Court to compel WBD to disclose essential financial information that shareholders need to make informed decisions regarding the offers [4][5]. Communication with WBD - Paramount expresses a desire for constructive discussions with WBD's board to reach an agreement beneficial to both parties and their shareholders [6][7]. - The company has noted a lack of transparency from WBD regarding the financial aspects of the Netflix transaction and has questioned the rationale behind WBD's decision to favor it over Paramount's offer [6][7]. Call to Action - Paramount urges WBD shareholders to express their preference for its superior offer by tendering their shares [9].