Netflix and WBD have switched their merger to an all-cash deal, effectively neutering Paramount's hostile bid.
After losing in court, Paramount hit the nuclear button: a proxy war to replace WBD's board.
The suit demands the board prove why the Netflix merger beats a $30-per-share cash payout.
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Warner Bros. Discovery has formally rejected Paramount Skydance’s hostile bid... again.
It started with a courtship and ended with a typo.
Under Skydance ownership, Paramount will operate across three core divisions: studios, direct-to-consumer, and TV media.
