""make an informed decision as to whether to tender their shares into our offer,""
""the customary financial disclosure""
""WBD shareholders need this information to make an informed investment decision on our offer--and importantly, Delaware law has consistently required that such information be provided to shareholders,""
""We do not undertake any of these actions lightly. Make no mistake, our goal remains to have constructive discussions with WBD's Board to reach an agreement that is in the best interests of WBD shareholders.""
Paramount filed suit on January 12 seeking a court order to compel Warner Bros. Discovery to disclose the specifics of Netflix’s bid. Paramount asserts that shareholders require full financial disclosures and bid details to make an informed decision about tendering shares into Paramount’s offer. Paramount also announced plans to nominate its own slate of directors at WBD’s 2026 Annual Meeting, which could trigger a proxy fight over company control. Warner Bros. Discovery characterized Paramount’s lawsuit as meritless and maintained that Paramount’s proposal is not superior to the merger agreement with Netflix.
Read at GameSpot
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