Paramount is calling foul in the Warner Bros. Discovery sale process, accusing the company of running an unfair process — one that it thinks favors Netflix.
It has become increasingly clear, through media reporting and otherwise, that WBD appears to have abandoned the semblance and reality of a fair transaction process, thereby abdicating its duties to stockholders, and embarked on a myopic process with a predetermined outcome that favors a single bidder. We specifically request and expect this letter will be shared and discussed with the full board of directors of WBD,” the David Ellison company wrote in a letter to WBD CEO David Zaslav.
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