"It is not too late to realize the benefits of Paramount's proposal if you choose to act now and tender your shares,"
"To suggest that we are not 'good for the money' (or might commit fraud to try to escape our obligations), as certain reports have speculated, is absurd,"
"WBD advisors "never picked up the phone or typed out a responsive text or email to raise any question or concern or to seek any clarification about either the trust or our equity commitment papers.""
"Ellison added that WBD did not grant Paramount a "single 'real time' negotiating session," and had "sprinted towards a deal with Netflix.""
David Ellison urged WBD shareholders to tender their shares to support Paramount Skydance's $30-per-share hostile bid. Netflix announced a $72 billion acquisition of WBD after WBD rejected Paramount's prior offers. Paramount launched its hostile bid after WBD proceeded with the Netflix sale. Ellison accused WBD advisors of failing to give equal weight to Paramount's offer and described the sales process as opaque. Ellison claimed advisors did not respond to questions, did not provide any real-time negotiating sessions, and sprinted toward a deal with Netflix while ignoring texts indicating the $30-per-share offer was not final.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]