"Team, As we begin the year, I want to share an update on where things stand and where we are focused. Following a thorough review, the Warner Bros. Discovery Board of Directors has completed its consideration of Paramount Skydance's most recent proposal. After careful evaluation, the Board has determined not to pursue that proposal."
"This review was conducted with discipline and rigor, and was supported by independent financial and legal advisors."
"Our operating plans remain unchanged, and our priorities for 2026 are clear and intentional. What matters most right now is our focus as we start the year."
Warner Bros. Discovery's Board completed a thorough review and decided not to pursue Paramount Skydance's latest proposal. The company maintains a signed transaction agreement with Netflix, subject to regulatory approvals and customary conditions. Independent financial and legal advisors supported the board's disciplined review and conclusion that the Netflix offer is superior. Operating plans remain unchanged, with clear, intentional priorities set for 2026. Employees were encouraged to focus on work priorities, tune out external noise, and prepare for the 2026 goals process that will launch in February.
Read at Business Insider
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