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Paramount to nominate directors to Warner Bros board to vote against Netflix deal
Paramount also files lawsuit seeking disclosure of financial information related to $82.7bn agreement
Paramount Skydance plans to nominate directors to Warner Bros Discovery’s (WBD) board to vote against the approval of its deal with Netflix, and filed a lawsuit seeking disclosure of financial information related to the $82.7bn (£61.4bn) agreement.
In a letter sent to WBD investors on Monday, Paramount said it will nominate directors for election at the company’s annual meeting, which is usually held in June, to try to derail the deal with Netflix, which was agreed in December.
Source: www.theguardian.com
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