Overview
- Vice Chancellor Morgan T. Zurn rejected Paramount Skydance’s request to expedite its lawsuit, finding no cognizable irreparable harm and noting Paramount was not misled as a shareholder.
- Paramount’s $30‑per‑share all‑cash tender for all of WBD currently expires Jan. 21, though the company signaled it expects to extend the deadline after reporting low tenders in December.
- WBD said it will provide fuller details on valuation and advisor fairness opinions in a Netflix merger proxy ahead of a shareholder vote expected in late spring or early summer.
- Netflix is weighing a switch from its cash‑and‑stock offer to an all‑cash bid to simplify valuation and speed timing, as both bidders court regulators in the U.S. and Europe.
- Paramount’s offer is backed by roughly $40.4 billion in a personal guarantee from Larry Ellison and substantial debt financing, while Netflix’s agreed deal for studios and streaming carries an $82.7 billion enterprise value and sizable termination fees.