Here’s a breakdown of what Paramount Skydance wants, based on the provided text:
* Engagement wiht the WBD board: Paramount Skydance wants to discuss their offer directly with Warner Bros. Discovery’s (WBD) board of directors.
* A “win-win” deal: Thay believe their offer is beneficial for both companies and all stakeholders involved.
* to prove their offer is better: They claim their offer is “simply more” than Netflix’s bid.
* To prevent a spin-off: They want to propose a change to WBD’s bylaws that would require shareholder approval before WBD can spin off its streaming division (HBO Max, etc.). This would possibly block WBD from selling off that part of the business.
* Data on valuations: They are requesting WBD release information on how it valued Netflix’s takeover attempt, their own offer, and their own internal valuations. They believe this clarity is necessary for a fair assessment.
In essence, Paramount Skydance is making a hostile bid and is pushing for a negotiation, while also attempting to create obstacles to WBD pursuing other options (like the streaming spin-off).
