Business
PARAMOUNT SENDS LETTER TO WARNER BROS. DISCOVERY SHAREHOLDERS
Paramount, a Skydance Corporation (NASDAQ: PSKY) ("Paramount"), today sent a letter to the shareholders of Warner Bros. Discovery, Inc. (NASDAQ: WBD) ("WBD"). The letter clearly sets out why Paramount's $30.00 per share all-cash offer to acquire all of WBD is superior to WBD's transaction with Netflix (NASDAQ: NFLX).
About this update from Paramount Skydance Corporation
[{"type":"list","items":[{"val":[{"type":"text","content":"Reiterates why Paramount's offer will deliver WBD shareholders with superior value and a faster, more certain path to completion than the Netflix transaction","length":166,"tagName":"p"}]},{"val":[{"type":"text","content":"Encourages shareholders to tender their shares today to register their view with the WBD Board of Directors that they prefer the superior Paramount transaction","length":164,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":330,"olType":false},{"type":"text","content":"LOS ANGELES and NEW YORK, Dec. 10, 2025 /PRNewswire/ -- Paramount, a Skydance Corporation (NASDAQ: PSKY) ("Paramount"), today sent a letter to the shareholders of Warner Bros. Discovery, Inc. (NASDAQ: WBD) ("WBD"). The letter clearly sets out why Paramount's $30.00 per share all-cash offer to acquire all of WBD is superior to WBD's transaction with Netflix (NASDAQ: NFLX).","length":407,"tagName":"p"},{"type":"image","alt":"(1) Based on unaffected price as of September 10, 2025 (prior to WSJ leak).","displaySize":"","headline":null,"caption":"(1) Based on unaffected price as of September 10, 2025 (prior to WSJ leak).","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":240,"url":"https://media.zenfs.com/en/prnewswire.com/1cbe79742d6b84c52d1467f48322d77d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/WZYr7ZA4TX3uCtoHXpC7Tg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQyMztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/1cbe79742d6b84c52d1467f48322d77d","width":400,"height":240}},"href":"https://mma.prnewswire.com/media/2843026/PARAMOUNT_SENDS_LETTER_TO_WARNER_BROS_DISCOVERY_SHAREHOLDERS.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Full text of the letter follows below.","length":38,"tagName":"p"},{"type":"text","content":"Dear Warner Bros. Discovery Shareholder:","length":40,"tagName":"p"},{"type":"text","content":"Paramount began pursuing Warner Bros. Discovery ("WBD") because we, along with our partner RedBird Capital, believe we are the best stewards not only to build long-term value for the asset but also delight audiences and help cultivate a more vibrant creative community. We funded, founded and then merged Skydance with Paramount and know the sacrifices and investment it takes to ca...