Warner Bros. Discovery activist investor Ancora Holdings praised the board for reopening “necessary discussions” with Paramount Skydance CEO David Ellison on Tuesday about his bid for the entire company.
“We’re pleased that Warner Brothers Discovery has acted on shareholder feedback by working with Netflix to pave the way for necessary discussions with Paramount Skydance,” a spokesperson for the firm told TheWrap. “It’s time for the Board to establish a level playing field that produces the highest and most viable offer. Given that insiders, including CEO David Zaslav, will make hundreds of millions of dollars as a result of any sale, shareholders’ expectations and scrutiny will remain extremely high…
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