“The Warner Bros. Discovery Board of Directors, consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, will carefully review and consider Paramount Skydance’s offer in accordance with the terms of Warner Bros. Discovery’s agreement with Netflix, Inc,” the company said in a statement on Monday evening.
Wbd said its board would provide a recommendation following its review and that it will not modify its recommendation on Netflix’s $82.7 billion deal. It is advising shareholders not to take any action with respect to Paramount’s tender offer.
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source www.imdb.com ’
