Warner Bros. Discovery CEO Reportedly ‘Excited’ To Join Paramount
Synopsis
WBD CEO told employees that the company underwent a "thorough, rigorous strategic review process" according to a report from Business Insider.
Warner Bros. Discovery’s CEO David Zaslav reportedly told staffers at a company town hall on Friday morning that he's excited to join forces with Paramount.
"Together, we can be a great company," Zaslav said on the call, according to a recording of which was obtained by Business Insider.
WBD underwent a "thorough, rigorous strategic review process" and was under a legal obligation to continue to review and evaluate unsolicited offers that could bring shareholders more value, Campbell said, as per the report.
Warner Bros. Discovery said on Thursday that Paramount’s $111 billion or $31-a-share offer to buy the company constitutes a “superior deal” to the one it signed with Netflix in December.
In a separate announcement, Netflix declined to raise its offer for Warner Bros. and stepped away from the deal.
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