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Maroc Maroc - THECEKODOK.COM - A La Une - 13/Jan 20:49

Paramount Sues Warner Bros. for Rejecting Takeover Bid

As we know, Netflix is ​​ready to acquire the Warner Bros. Discovery streaming platform consisting of Warner Bros Television, Warner Bros Motion Picture Group, DC Studios, HBO and HBO Max for $82.7 billion (RM 340 billion) in stock and cash.Shortly after, Paramount-Skydance also offered $108.4 billion (~RM 447 billion) to acquire the entire company, but the company's board has told shareholders not to choose Paramount's offer.Recently, it has been reported that Paramount-Skydance, through their CEO, David Ellison, has filed a lawsuit against Warner Bros. Discovery (WBD) for rejecting their purchase offer, and choosing Netflix's offer.A letter to investors has been issued, and it states that the lawsuit was filed in the Delaware Chancery Court because WBD did not show the details of the offer from Netflix, and how Paramount could make a reasonable counter-offer to acquire the company.Paramount said their offer to take over the entire business was much better than what Netflix was offering, where they only wanted a portion of the business.

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