Prnewswire·2026-02-17 19:47Core Viewpoint - Paramount Skydance Corporation acknowledges Warner Bros. Discovery's decision to provide a 7-day negotiation waiver, allowing discussions regarding Paramount's superior $30 per share all-cash offer for WBD, while WBD continues to pursue its merger with Netflix [1][2]. Group 1: Paramount's Offer and Strategy - Paramount offers a higher value of $30 per share in an all-cash tender offer, which includes a $0.25 per-share, per-quarter ticking fee, presenting a more certain path to closing compared to WBD's merger with Netflix, which offers a range of $21.23 to $27.75 [1][2]. - The company is prepared to engage in constructive discussions while continuing its tender offer and opposing the Netflix merger, indicating a proactive approach to securing the acquisition [1][2]. Group 2: Shareholder Engagement - Paramount urges WBD shareholders to express their preference for its superior offer by tendering their shares, emphasizing the importance of shareholder involvement in the decision-making process [1][2]. - The company has provided contact information for shareholders seeking assistance with the tender offer, highlighting its commitment to transparency and communication [1][2]. Group 3: Regulatory and Proxy Information - Paramount has filed a tender offer statement with the SEC and is mailing proxy materials to WBD shareholders, indicating ongoing regulatory compliance and preparation for the upcoming special shareholder meeting on March 20 [1][2]. - The company plans to nominate a slate of directors at the WBD annual meeting, further demonstrating its strategic intentions regarding governance and control [1][2].