Warner Bros. Discovery knocked Paramount’s effort to expedite the proceedings for its lawsuit in the Delaware Court of Chancery as an “exercise in urgency theatre —ringing a fire alarm in the absence of any flames or even smoke.”
David Ellison sued on Monday in an effort to obtain more information about how Warner Bros. Discovery’s board came to the conclusion that Netflix’s $83 billion deal for the company’s streaming and studio assets is superior to its $108.4 billion hostile takeover bid. It also asked that a judge expedite the proceedings ahead of the Jan. 21 expiration of Paramount’s tender offer.
“Paramount contends that an expedited trial is needed…
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source www.imdb.com ’
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